Snowflake IPO Update Warren Buffett New Stock | High Growth 🚀 Share Price Raised
Snowflake has raised their set pricing to $100-$110 per share. This will value them between $270$30.5 Billion.
Snowflake is a cloud-based data-warehousing company who will be trading under the ticker SNOW.
Built into the IPO are commitments from Buffett's Berkshire Hathaway (BRKB) and Salesforce Ventures to each buy $250 million of Class A common stock in a private placement. In addition, Berkshire will buy an additional $320 million worth of shares. Those shares will be bought from an unnamed stakeholder in a secondary transaction. That brings Berkshire's total investment to $570 million.
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Disclaimer: This video is not financial advise. This video is for entertainment only.
