Deals
Snowflake Attracts Berkshire, Salesforce to Technology IPO
- Buffett’s Berkshire to buy more than $250 million in shares
- Snowflake aiming for valuation of more than $23.7 billion
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Snowflake Inc. plans to raise as much as $2.38 billion in one of this year’s biggest technology initial public offerings that has already attracted the likes of Warren Buffett.
The San Mateo, California-based company said in a filing Tuesday that it will market 28 million shares for $75 to $85 each. At the top of that range, Snowflake would be valued at $23.7 billion based on the outstanding shares listed in the filing.