Business
Warren Buffett cashes in as Snowflake makes stunning Wall Street debut – Sydney Morning Herald
The legendary investor backs another winner as eight-year-old software company sees shares double on its Wall Street debut.
Prior to the IPO, Buffett’s Berkshire Hathaway and Salesforce Ventures had each agreed with Snowflake to purchase $US250 million worth of stock at $US105 a share.
“This is just one day. Things will normalise and shake out and become more settled as time moves on,” Snowflake chief executive Frank Slootman said in an interview.
Among US-listed companies with a market capitalisation of at least $US10 billion, only three companies are now more expensive than Snowflake’s 2020 revenue multiple. It l…
-
Noosa News24 hours agoThe only person detained at Brisbane’s Palestine rally
-
Noosa News21 hours agoQueensland government to introduced artificial intelligence teaching tool Corella to all state high schools
-
Noosa News20 hours agoMan charged with murder three days after death of 27-year-old in Livingstone, QLD
-
Business23 hours agoHow to turn $500 a month into $500,000 with ASX shares