• Snowflake's record-breaking IPO put $41 billion into the coffers of these 5 investors at the end of its first day of trading

    4 days ago - By Business Insider

    Summary List Placement
    The highly anticipated Snowflake IPO did not disappoint. On Wednesday, it broke records with the biggest-ever public debut for a software company.
    The company raised $3.4 billion by pricing shares at $120. And when the bell rang, public investors went crazy for the stock. At one point, shares spiked up 165% to $318.37, before trading was temporarily halted. Shares settled down to over $260 by afternoon and closed the day at $253.93. At that share price, Snowflake finished day one with a valuation of over $70 billion, leaving a trail of multibillion-dollar investors...
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  • The unconventional CEO of $33.3 billion Snowflake - which just listed the largest software IPO in history - is already paid more than the heads of Oracle, Microsoft, and Salesforce. It shows the power of how startup exec compensation can be

    The unconventional CEO of $33.3 billion Snowflake - which just listed the largest software IPO in history - is already paid more than the heads of Oracle, Microsoft, and Salesforce. It shows the power of how startup exec compensation can be

    5 days ago - By Business Insider

    Summary List Placement Tech unicorn Snowflake offers data warehousing in the cloud, and in just eight years it has taken on the likes of Oracle, Amazon, and Google. On Wednesday, it went public, breaking records as the largest ever US software IPO , at $33.3 billion , beating the previous record holder Uber which went public at a $8.1 billion valuation .
    Leading the company through the IPO is CEO Frank Slootman, who made more than $60 million in total compensation in 2019, according to an S-1 filed by the company.
    Slootman, who has proven himself leading tech companies like Data Domain and...
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  • Snowflake just had the biggest-ever software IPO. Execs at Coatue, Fidelity, and FactSet explain why they were early adopters of the company's data exchange and how it can transform Wall Street

    Snowflake just had the biggest-ever software IPO. Execs at Coatue, Fidelity, and FactSet explain why they were early adopters of the company's data exchange and how it can transform Wall Street

    5 days ago - By Business Insider

    Summary List Placement
    As Wall Street's obsession with data continues to grow, firms are eager to make digesting information as easy as possible.
    Snowflake, which posted the biggest-ever software IPO on Wednesday , has launched a data exchange that already counts hedge funds like Philippe Laffont's Coatue and data vendors like FactSet as users.
    "I think it's going to be the way people want to access data in the future," the chief technology and product officer at FactSet told Business Insider.
    Visit BI Prime for more stories .
    The story was originally published in March 2020 and has been...
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