When does snowflake stock start trading - tradeprofinances.com

When does snowflake stock start trading

When Does Snowflake Stock Start Trading?

**Snowflake Computing, Inc.**, a cloud-based data warehousing company, will start trading on the New York Stock Exchange (NYSE) on **September 16, 2020**. The company’s initial public offering (IPO) is expected to raise up to $3.3 billion, valuing the company at around $33 billion.

**Snowflake’s IPO is one of the most anticipated of the year.** The company has been growing rapidly, and its cloud-based data warehousing platform is seen as a key player in the future of data analytics. Snowflake’s customers include some of the world’s largest companies, such as Amazon, Google, and Netflix.

**Snowflake’s stock is expected to be in high demand.** The company’s strong growth prospects and impressive customer base make it an attractive investment for many investors. However, it is important to note that the IPO market is volatile, and there is no guarantee that Snowflake’s stock will perform well after it starts trading.

**Here is a timeline of key events leading up to Snowflake’s IPO:**

* **September 10, 2020:** Snowflake files its S-1 registration statement with the Securities and Exchange Commission (SEC).
* **September 14, 2020:** Snowflake sets its IPO price at $120 per share.
* **September 15, 2020:** Snowflake’s IPO is priced.
* **September 16, 2020:** Snowflake’s stock starts trading on the NYSE.

**Investors who are interested in purchasing Snowflake stock should contact their broker to place an order.** Snowflake’s stock is expected to be in high demand, so investors may want to place their orders early.

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Snowflake’s Business

Snowflake is a cloud-based data warehousing company. The company’s platform allows businesses to store, analyze, and share data in a secure and scalable way. Snowflake’s platform is used by a variety of businesses, including financial institutions, healthcare providers, and retailers.

Snowflake’s platform is based on a unique architecture that separates storage and compute. This architecture allows Snowflake to scale its platform horizontally, which means that it can add more storage or compute capacity as needed without having to re-architect its platform.

Snowflake’s platform is also designed to be secure. The company’s data is encrypted at rest and in transit, and Snowflake uses a variety of security measures to protect its customers’ data.

Snowflake’s business is growing rapidly. The company’s revenue grew by 121% in the fiscal year 2020. Snowflake’s customer base is also growing rapidly. The company had over 2,000 customers at the end of the fiscal year 2020.

Snowflake’s Financial Performance

Snowflake’s financial performance has been strong in recent years. The company’s revenue has grown rapidly, and its profitability has improved.

In the fiscal year 2020, Snowflake’s revenue grew by 121% to $264.6 million. The company’s net loss narrowed from $379.3 million in the fiscal year 2019 to $171.6 million in the fiscal year 2020.

Snowflake’s gross profit margin improved from 56.1% in the fiscal year 2019 to 59.5% in the fiscal year 2020. The company’s operating margin also improved, from -177.8% in the fiscal year 2019 to -80.5% in the fiscal year 2020.

Snowflake’s Competitors

Snowflake competes with a number of other cloud-based data warehousing providers, including Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse Analytics.

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Snowflake’s platform is differentiated from its competitors by its unique architecture, which separates storage and compute. This architecture allows Snowflake to scale its platform horizontally, which means that it can add more storage or compute capacity as needed without having to re-architect its platform.

Snowflake’s platform is also designed to be secure. The company’s data is encrypted at rest and in transit, and Snowflake uses a variety of security measures to protect its customers’ data.

Snowflake’s IPO

Snowflake’s IPO is one of the most anticipated of the year. The company’s strong growth prospects and impressive customer base make it an attractive investment for many investors. However, it is important to note that the IPO market is volatile, and there is no guarantee that Snowflake’s stock will perform well after it starts trading.

**Investors who are interested in purchasing Snowflake stock should contact their broker to place an order.** Snowflake’s stock is expected to be in high demand, so investors may want to place their orders early.

## Risks Associated with Snowflake’s IPO

There are a number of risks associated with Snowflake’s IPO, including:

* **The IPO market is volatile.** The IPO market can be volatile, and there is no guarantee that Snowflake’s stock will perform well after it starts trading.
* **Snowflake’s business is still relatively new.** Snowflake’s business is still relatively new, and it is not clear how the company will perform in the long term.
* **Snowflake faces competition from a number of well-established competitors.** Snowflake faces competition from a number of well-established competitors, including Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse Analytics.

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Investors should carefully consider these risks before investing in Snowflake’s IPO.

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