Here’s What You Need To Know About Snowflake And Its Giant IPO
What It DoesIn short, Snowflake is a cloud data platform. According to Renaissance Capital, Snowflake is the biggest software IPO of all time. For context, Snowflake’s IPO valuation is much, much larger than the IPO valuations of any of the venture-backed tech or tech-ish companies that have gone public this year. Crunchbase News keeps a running list of venture-backed tech and tech-ish companies that go public via IPO, and so far ZoomInfo topped the list in terms of highest IPO valuation. ZoomInfo had an IPO valuation of $8.2 billion when it went public in June — Snowflake priced higher than the top of its range, making its IPO valuation more than four times that of ZoomInfo.