Snowflake IPO: Does it Deserve the Hype?

By Austin Hankwitz – Sep 17, 2020 at 6:30AM

NYSE: SNOW

Snowflake

Market Cap

$51B

Today's Change

(-1.61%) -$2.49

Current Price

$152.50

Price as of April 25, 2024, 4:00 p.m. ET

Snowflake is making waves ahead of its IPO, does it deserve all this attention?

Snowflake (SNOW -1.61%) had one of the most anticipated IPOs of 2020 -- but with investments from Berkshire Hathaway and Salesforce, maybe it deserves the hype?

On Wednesday, the company's first trading day saw shares trading north of $250 -- and its sky-high valuation makes it the largest software IPO to date. Does Buffett know something we don't?

Whatever happens, this company will be exciting to follow in the years to come. Press play on the video below for the quick facts you need on Snowflake.

Austin Hankwitz has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Berkshire Hathaway (B shares) and Salesforce.com and recommends the following options: long January 2021 $200 calls on Berkshire Hathaway (B shares), short January 2021 $200 puts on Berkshire Hathaway (B shares), and short September 2020 $200 calls on Berkshire Hathaway (B shares). The Motley Fool has a disclosure policy.