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Cloud Data Firm Snowflake Confidentially Files for IPO


Photographer: Balint Porneczi/Bloomberg

Snowflake Inc., a cloud data platform that was valued at $12.4 billion in a February funding round, has confidentially filed initial public offering paperwork with the Securities and Exchange Commission, according to people with knowledge of the matter.

The San Mateo, California-based company is in talks with potential underwriters about a public listing that could come within months, said one of the people, who requested anonymity because the discussions are private.