Business
Aussies trading this US share 5700% more than Uber – Motley Fool Australia
It’s not just US investors going crazy for Snowflake. Remarkable numbers are coming out of Australia for the new technology darling.
Australians are going crazy for a new stock in the United States that has the backing of Warren Buffett’s investment company.
Technology company Snowflake Inc (NYSE: SNOW) debuted on Wall Street late Wednesday night Australian time.
The shares immediately doubled in price after retail investors realised Buffett’s Berkshire Hathaway Inc (NYSE: BRK.A)(NYSE: BRK.B) bought US$250 million worth during the initial public offering (IPO).
This was reportedly the first time Buffett or his company pur…
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