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Snowflake Ipo: How Much Vc Stakes Are Worth After First-day Pop

by businessinsider.com posted 1week ago 26 views
Summary List Placement Snowflake's blockbuster IPO, which saw its stock soar by 112% to close at $254, could mean hefty payday for its top investors and executives. As a private company, Snowflake had raised a total of $1.4 billion from investors, including Sequoia Capital, ICONIQ Capital, Altimeter Capital and Sutter Hill Ventures. Snowflake wrapped up its first trading day with a market cap of about $70 billion, up sharply from its $24 billion valuation in February when it raised $479 million in a Series G round.

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