Archive: cloud platform
The Real Lesson of the Snowflake IPO
By Adam Sharp on September 18, 2020
On Wednesday, Snowflake (SNOW) went public in one of the most highly anticipated IPOs ever. Snowflake is a cloud data platform that helps companies efficiently organize and analyze huge databases. The company’s revenue is growing at a rapid 133% year-over-year rate. Snowflake’s IPO priced at $120 for a valuation of $33 billion. That alone made Snowflake the most valuable software company ever…