Snowflake is largest software IPO ever

Discussion in 'other software & services' started by mood, Sep 17, 2020.

  1. mood

    mood Updates Team

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    Snowflake is largest software IPO ever
    September 16, 2020
    https://www.axios.com/snowflake-ipo-32d8ea90-d19f-46ce-b633-b6fb69a7aeec.html
    Breaking down Snowflake's massive IPO
    September 17, 2020
    https://www.axios.com/snowflake-ipo-price-software-3ff675cf-b7c3-4548-8928-0a925bac11ea.html
    Snowflake stock debut gives firm larger market cap than Dell, VMware
     
  2. EASTER

    EASTER Registered Member

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    Care to throw some crumbs to the poor box?

    Simply off the charts the value of tech these days
     
  3. Rasheed187

    Rasheed187 Registered Member

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    It's truly ridiculous. It's a company that is still making huge losses, and already had quite a lot of private investors, they didn't really need the 3 billion dollar. But the reason why these companies are going public, is so that the management guys and top investors can become billionaires.

    The CEO is some Dutch guy that has been only 2 years with the company and is now worth about 4 billion dollars, not because of his salary but purely because of his shares in the company. This madness needs to stop, enough is enough. :thumbd:
     
  4. mood

    mood Updates Team

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    Snowflake’s Record $33 Billion IPO Puts Data Back in the Spotlight
    September 16, 2020
    https://www.cbronline.com/news/what-is-snowflake-ipo
     
  5. mood

    mood Updates Team

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    Snowflake data warehouse platform: A cheat sheet
    The Snowflake platform offers all the tools necessary to store, retrieve, analyze, and process data from a single readily accessible and scalable system
    October 2, 2020

    https://www.techrepublic.com/article/snowflake-a-cheat-sheet/
     
  6. paulderdash

    paulderdash Registered Member

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    Yeah, there must be HUGE value in Snowflake that hasn't been spotted and cornered already by incidentals like Microsoft, Amazon, Google (Alphabet), SAP, Oracle, and IBM. :isay:

    The name could be an omen?
     
  7. Rasheed187

    Rasheed187 Registered Member

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    Yes it's ridiculous as if we didn't already have enough companies that are focused on the cloud. But apparently Snowflake has got a unique selling point, but don't ask me what that is. :rolleyes:
     
  8. longshots

    longshots Registered Member

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    Must be the free steak knives
     
  9. hawki

    hawki Registered Member

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