What you MUST Know About Snowflake (SNOW) IPO

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In today's video we are looking at Snowflake IPO. I hope you all enjoy the video! Please like and subscribe to the channel!

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What is Snowflake?
Snowflake Inc. is a cloud-based data-warehousing startup that was founded in 2012. It has raised more than $ billion in venture capital, and is based in San Mateo, California. It was publicly launched by Bob Muglia in 2014 after two years in stealth mode.

Snowflake was founded relatively recently in 2012, and made its first product sale in 2014. As such, it is a young company that enjoys a correspondingly high revenue growth rate. Based on the quarter ending July-2020, Snowflake's y-o-y revenue growth rate was a whopping

Snowflake is offering 28m shares of its Class A common stock, at a price to be determined on 15th September but within the range of US$75-85 per share. Each of Salesforce Ventures and Berkshire Hathaway will also purchase share in a concurrent private placement at the IPO price. Post the IPO and private placements, there will be roughly 279m shares outstanding.

I think that Snowflake has a ton of long and short term potential.
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