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Can Snowflake Grow Into Its Valuation?

TheMotleyFool

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Cloud-based data warehousing specialist Snowflake made history this week with the largest software IPO ever. The offering enjoyed extreme demand from investors, potentially due to the fact that Warren Buffett's Berkshire Hathaway made the rare move of investing in a tech IPO via a concurrent private placement.

Snowflake was already boasting incredibly lofty valuation multiples based on the offering price ($120) alone. With shares more than doubling on the first day of trading, growth expectations are now in the stratosphere. Can Snowflake live up to those hopes?

Image source: Getty Images.

Source Fool.com

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