Welcome

Snowflake Attracts Berkshire, Salesforce to Technology IPO (1)

Sept. 8, 2020, 10:51 PM

Snowflake Inc. plans to raise as much as $2.38 billion in one of this year’s biggest technology initial public offerings that has already attracted the likes of Warren Buffett.

The San Mateo, California-based company said in a filing Tuesday that it will market 28 million shares for $75 to $85 each. At the top of that range, Snowflake would be valued at $23.7 billion based on the outstanding shares listed in the filing.

That would give the cloud-data company a valuation of almost twice that in its last private funding round of $12.4 billion.

Timed with the IPO, Berkshire ...





To read the full article log in.

Learn more about a Bloomberg Law subscription.