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Snowflake

Why it was one to watch: Snowflake's IPO was the most highly anticipated of all the enterprise software stocks going public in September. The company's revenues are growing quickly and investor demand appears high, reflected in Snowflake's raising its pricing range for the IPO. Whether it can maintain its higher pricing level will be a test for the stock.  

IPO Debut: The IPO was priced at $120 a share on Sept. 15. It started trading Sept. 16, opening at $245 and gaining 112% over its IPO price on its first day.

Type: IPO

S-1: Found here.

Briefings
Filter Snowflake Content All Articles Briefs

Report: Databricks Raising New Round at $27 Billion Valuation

Jan. 22, 2021 · 5:20 PM PST
Like Snowflake, Databricks sells software that companies can use to gain valuable insights from the mountains of data they generate from operations.

DataRobot Inks Partnership With Snowflake, Expands Funding Round

Dec. 9, 2020 · 3:35 PM PST
DataRobot, an AI company that sells to customers in a broad range of industries, is getting cozy with Snowflake, which is riding high after its September IPO.

Snowflake Shares Jump 10% Ahead of First Earnings

Nov. 27, 2020 · 3:08 PM PST
As Snowflake heads into its first quarterly earnings as a public company, it has a new and potentially lucrative new service to talk about.

Snowflake Stock More Than Doubles on First Day

Sept. 16, 2020 · 10:05 AM PDT
Snowflake is the hottest one of a group of five enterprise software stocks going public this month.

Snowflake Prices IPO at $120 Per Share

Sept. 15, 2020 · 4:28 PM PDT
The IPO, which would be the largest-ever for software, will value Snowflake at over $33 billion.

Snowflake Reveals Rapid Sales Growth in IPO Filing

Aug. 24, 2020 · 2:45 PM PDT
Snowflake, which was valued at $12.4 billion after its last funding in February, says it has signed up 146 of the Fortune 500 as customers.

Database Startup Snowflake Files Confidentially for IPO

June 9, 2020 · 12:20 PM PDT
Snowflake, which has raised $1.4 billion, is looking to tap into the growing usage of cloud services during the Covid-19 pandemic.

Startup Snowflake’s Valuation More Than Triples After New Funding

Feb. 10, 2020 · 12:03 PM PST
New $479 million funding round was led by new investors Salesforce Ventures and Dragoneer Investment Group.