Snowflake Goes Public

By: Sina Farchtchi, Reporter

The snowflake IPO was the biggest software IPO ever. It raised about 3.4 billion dollars compared to Dell’s nearly 1 billion dollar IPO. Because Snowflake managed to raise this much money from it it is the biggest software IPO ever. The starting price per share for the initial public offering was $120 and rose to $300 for a 150% gain. Snowflake was founded in 2012 by Marcin Zukowski, Benoit Dageville and Thierry Cruanes. Like most silicon valley companies Snowlake is located in California, with their headquarters based in San Mateo. Snowlake offers a cloud computing and data storage solutions using their own software that developers coded from scratch. Snowflake is now the proud holders of the biggest software IPO ever, and they are still growing today.