3 Questions to Ask Yourself Before Buying Snowflake's IPO
Investors young and old have become enthusiastic about the upcoming initial public offering for Snowflake. The cloud-based data warehouse provider has been one of the highest-profile unicorns (private companies with valuations over $1 billion) in Silicon Valley for years now. Warren Buffett's Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) recently disclosed it would be buying some $570 million worth of stock upon Snowflake's IPO and salesforce.com (NYSE: CRM) said it would throw in $250 million just for good measure, sending interest in Snowflake off the charts.
The stock is set to go public Tuesday, Sept. 15, at a price between $75 and $78 per share, valuing the company around $23 billion. But before diving in, investors need to ask themselves the following questions to make sure an investment in Snowflake's IPO -- and how much -- is appropriate.
Does Snowflake belong in your portfolio? Image source: Getty Images.
Source Fool.com
