Buffett-backed cloud unicorn Snowflake nets $3.4 billion in record-breaking software IPO
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the New York Stock Exchange
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Summary
Cloud startup Snowflake raised a record-breaking $3.4 billion on Wednesday, in the largest ever initial-public-offering for a software company on Wednesday, kicking off a big week for technology firms going public this week.The cloud-data warehousing startup announced that it is selling 28 million shares valued at $120 each, which means it would raise nearly $3.4 billion in proceeds.Snowflake, which was valued at $12.4 billion around the time of its most recent fundraising round in February and counts billionaire investor Warren Buffett among its backers, plans to list its shares on the New York Stock Exchange under the ticker symbol "SNOW" from September 16.
As said here by Shalini Nagarajan