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…