Post a Free Blog

Submit A Press Release

Friday, March 29, 2024
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Truck Series (TRUCK)
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
-- Advertisement --spot_img
HomeBusinessHuge IPO offering-Snowflake Coming this Wednesday

Huge IPO offering-Snowflake Coming this Wednesday

 

Stock Exchange, Trading Floor, New York, Manhattan

Snowflake increased its IPO offering $200 to $110 a share up from 75 to $85 a share. Snowflake will trade on the New York Stock Exchange under the ticker symbol SNOW.

Developer of a SaaS-based cloud data warehousing platform designed to store, transform, and analyze business data safely and efficiently. The company’s platform includes data infrastructure for the cloud, with a focus on big data, security and storage for bringing together all users, all data and all workloads in a single cloud service, enabling businesses to access data from any location. Source: Pitchdeck

The cloud-based technology company  Snowflake offers more flexibility in their product line , giving it a competitive edge with more advanced technology    then amazons data warehouse program called Redshift from Amazon Web Services. This one reason the company has surged in its growth.  Snowflake has been disruptive with i’s  new technology, where Amazon’s web service software is the oldest of its kind.

State of California Covid-19 data is now available to public via Snowflake data marketplace. You can view the information at COVID.CA.Covid.gov

Revenue grew nearly 175% in the fiscal year that ended at the end of January, to $264.7 million from $96.7 million. In the first six months of this fiscal year, ending July 31, sales again more than doubled easily, moving to $242 million from $104 million states MarketWatch.

Sutter Hill Ventures will have more than 17% of the class B shares after the offering including a    seat on the board held by  Sutter Hill managing director. Michael Speiser

Snowflake Investors

Dragoneer Investment Group         Growth/Expansion                   Minority

Salesforce Ventures             Corporate Venture Capital                     Minority

ArdenPoint Ecommerce Venture Capital Minority

Human Capital (San Francisco)     Venture Capital Minority

Meritech Capital Partners                       Venture Capital Minority

Source: Pitchdeck

Frank Slootman

Chairman and Chief Executive Officer Frank Slootman currently serves as Chairman and CEO at Snowflake. Frank has over 25 years of experience as an entrepreneur and executive in the enterprise software industry. Mr. Slootman served as CEO and President of ServiceNow from 2011 to 2017, taking the organization from around $100M in revenue, through an IPO, to $1.4B.Source Snowflake

Subscribe to get Latest News Updates

Latest News Articles

You may like more
more

Semtech Shares Jump 3 percent Following Q4 Results

Semtech (NASDAQ:SMTC) experienced a more than 3% increase in...

Target Stock Added to Fresh Money List at Deutsche Bank

Deutsche Bank analysts placed Target (NYSE:TGT) on the Fresh...

AMC Shares Plunge 14 percent on a New Equity Distribution Deal

AMC Entertainment Holdings (NYSE:AMC) saw its shares drop over...

Palantir Technologies Stock Drops 6 percent on Monness, Crespi, Hardt Downgrade

Palantir Technologies (NYSE:PLTR) stock plunged more than 6% on...