If You'd Invested $1,000 in Snowflake in 2020, This Is How Much You Would Have Today
Snowflake (NYSE: SNOW) went public on Sept. 16, 2020. The cloud-based data warehousing company priced its IPO at $120, well above its original range of $75 to $85, and it started trading at $245 a share.
Snowflake attracted so much attention for two reasons: Its growth and retention rates were high, and it was backed by big investors like Salesforce and Warren Buffett's Berkshire Hathaway. As a result, it raised more than $3 billion in its market debut and made history as the largest software IPO ever.
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Source Fool.com
