Yesterday, the Silicon Valley-based cloud data warehousing company made it official: It intends to start selling shares on the New York Stock Exchange under the ticker symbol SNOW.Snowflake is best known for running an efficient cloud-based data warehouse upon which customers can quickly spin up big SQL analytics workloads, and then spin them down when they’re not needed, which saves money. And Snowflake's revenues pale in comparison with what it outlines as its total addressable market opportunity.
Still, it's very reassuring that both Salesforce and Berkshire Hathaway will be taking stakes in the IPO, which certainly seems to tilt things in favor of Snowflake's moat being stronger than it may even appear, and its market opportunity being as large as it says. In fact, because of these advantages, Snowflake has become one of the biggest lead sources for cloud platforms like Yet perhaps the most interesting part of the company – which will likely be a major factor for the success of the Snowflake IPO – is the market opportunity. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Investors in general -- and technology investors in particular -- are always looking for their next multibagger opportunity. This was huge because it had been such a slow year for IPOs. All Rights Reserved. Let’s take a look at a few reasons why Snowflake’s IPO could be the biggest of the year. Snowflake valuation is $12.4 b,. The company was founded by Benoit Dageville and Thierry Cruanes, both of whom came from on-premises database and data warehouse leader Interestingly, Snowflake's co-founders have always hired outside CEOs with significant administrative experience, which could be another reason why the company has accomplished just as much on the sales and marketing execution front as it has with its technology. Assuming the company takes in $500 million or so in revenue this year, that would put its Such a valuation would come close to those of the most expensively priced Second, I'm still a bit unsure about the risks presented by potential competitive threats from Snowflake's big cloud partners, each of which has their own data warehousing tools, or even the founders' former employer, Oracle. Here are just a few examples:Data sources: CNBC, Fortune, Yahoo! Technology It’s full of useful tips and research from our experts. Snowflake is best known for running an efficient cloud-based data warehouse upon which customers can quickly spin up big SQL analytics workloads, and then spin them down when they’re not needed, which saves money. Before joining the company, he held the CEO position at ServiceNow (NYSE: NOW ), … © 2020 Datanami. All rights reserved. Table by author.Among the numerous technology companies that have filed S-1 documents recently in preparation for their Judging by its current mouthwatering growth rates, there's good reason for all the enthusiasm. Its core product is a cloud-based data warehouse that works seamlessly across the three major public clouds, in contrast to legacy data warehouses that were initially designed for use with on-premises data centers.
But could this "unicorn" become a millionaire-maker stock for retail investors after it hits the Snowflake capitalizes on two of the biggest trends in enterprise technology today: big data processing and the public cloud.
The company was founded in 2012: It appears that its founders foresaw the coming shift to the cloud, which explains why they were the first to build a data warehouse platform optimized for cloud computing.Another advantage for Snowflake may be its management. Analyst Activity
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