few moments ago a another great video called Find Out Why I LOVE SNOWFLAKE IPO was uploaded by: Money with Mason – Personal Finance and Investing
As written in the description by Money with Mason – Personal Finance and Investing: In Today’s video we are going to be discussing the Snowflake IPO. We’re going to talk about what the company does, their growth rate, who their customers and competitors are. At the end of the video I will show you how you can buy the Snowflake IPO and my plan to buy Snowflake stock.\n\nSnowflake’s IPO date is set for Tuesday September 15th and Snowflake will be trading on the NYSE under the ticker symbol SNOW. The IPO price is expected to be in the range of $75-85 per share (Snowflake IPO price per share was increased to $100-110 this morning).\n\n—————————\n🔴 Subscribe for more videos like this one: https://bit.ly/3lDBL9K\n—————————\n🎬 Watch my most recent videos: https://www.youtube.com/channel/UCAPnWAOyJQlV1Q6V6LVASmw/videos\n—————————\n\nSnowflake is based out San Mateo CA — was started in 2012 and they’ve quickly grown to a multi-billion dollar company. In 2019 they were #2 on Forbes Cloud 100 list (with Stripe taking the top spot) and took the number 1 spot on LinkedIn’s Top U.S. Startups.\n\nSnowflake offers its customers cloud-based data storage and analytics as a service — this is typically referred to as data warehouse as a service. What this means is they allow their clients to scale up and scale down their storage and computing power needs and only get charged for what they need and use.\n\nSnowflake has a massive total addressable market — they estimate their total addressable market to be over $80B. Their main competitors are Amazon, Microsoft, and Google. \n\nEven with these massive competitors Snowflake has a strong position within the industry and has shown impressive growth. In its fiscal year ending Jan 31 2019 they had revenues of $96.7M, a year later that number was up to $264.7M — about 150% growth. And in the first 2 Quarters of 2020 – they’ve reached $242M in revenue.\n\nThese revenue come from over 3000 customers. Over 50 of their customers are over $1M each and they have incredible strong customer retention.\n\nThis is Frank Slootman’s third IPO as a CEO. His first two were Data Domain and ServiceNow.\n\nSnowflake’s IPO price per share is expected to be in the range of $75-85 (this has recently been increased to $100-$110 per share) which puts their valuation at just under $24B (now over $30B). There are some big names investing in the IPO including Salesforce.com, purchasing $250M at the IPO price and Berkshire Hathaway, also purchasing $250M at the IPO price\nBerkshire Hathaway will also be purchasing an additional 4M shares on the secondary market bringing their total investment to over $550M.\n\n\n🕘Timestamps🕘\n0:00 Intro\n0:39 Snowflake company overview\n1:08 Snowflake product | Data warehouse as a service\n1:52 Total addressable market\n2:02 Snowflake competitors\n2:17 Snowflake revenue and growth\n2:48 Snowflake customers\n3:25 Margin and profitability\n4:15 Snowflake IPO details (Snowflake IPO release date)\n4:26 Snowflake IPO price and valuation\n4:44 Snowflake investors (Berkshire Hathaway and Salesforce.com)\n5:45 Investing in the Snowflake IPO\n6:03 How to buy Snowflake stock\n8:21 My strategy for buying the Snowflake IPO\n\n💰 Get FREE STOCK on Robinhood: https://join.robinhood.com/masonp2\n💰 Get 2 FREE STOCKS on Webull: https://act.webull.com/t/8bBWMfEzZIsK/1i5/\n\n⚠️Tickers Mentioned: $SNOW, $BRK.A, $MSFT, $GOOG, $AMZN, $SQ, $HUBS, $COF, \n\n❓ If you have any questions, ask in the comments below, I read and respond to all comments.\n\nDisclaimer: This video and description may contains affiliate links to products or services that I use. If you choose to use these links, I may earn affiliate commissions at no additional cost to you. This video is not investment advice and is purely for entertainment purposes only. Before you make any investments, please do your own research. All of the opinions in this video are my own.
Watch the video below:
We will keep following releated news and posting anything we discover