Snowflake extra than doubles in market debut, most practical ever instrument IPO

Cloud company Snowflake shares surged more than 125% in its market debut on the New York Stock Exchange on Wednesday, in the largest ever software IPO. Stock began trading at $245 per share, before being briefly halted due to volatility. A day earlier, Snowflake priced shares at $120, higher than the $100 to $110 range it estimated on Monday, and a huge…

Snowflake IPO gets vote of confidence as Berkshire, Salesforce agree to buy shares thumbnail

Snowflake IPO gets vote of confidence as Berkshire, Salesforce agree to buy shares

Frank Slootman, CEO, SnowflakeSource: CNBCSnowflake received a vote of confidence Tuesday after a filing revealed that Berkshire Hathaway and Salesforce each agreed to purchase $250 million of stock at the IPO price in a concurrent private placement. Berkshire Hathaway agreed to purchase an additional 4.04 million shares from one of Snowflake’s current stockholders in a secondary transaction. The…

Cockroach Labs, Neo4j, Snowflake Talk Infrastructure Future thumbnail

Cockroach Labs, Neo4j, Snowflake Talk Infrastructure Future

Panel at the SaaStr Annual discusses the changes cloud has brought to data and what may be on the horizon.On the closing day of the virtual Saastr Annual conference, a trio of players in the cloud and database sectors talked about ways organizations might leverage data in the increasingly digital era. Spencer Kimball, CEO of…