August 30, 2018

Snowflake even more closer to the IPO

Snowflake, a leader in data warehoue as-a-service, just announced the arrival of its new CFO, Thomas Tuchscherer. He came from Talend where he stayed last few years and he did its IPO and spent time before at SAP or Business Objects, he reports to Bob Muglia.

We anticipate a wish to do an IPO in H1 2019 that will invite competitor to make acquisition proposal. Honestly, below $5B, there is no discussion, the current valuation of Snowflake is just below $3B, $5B represents 10x the investment received so far.
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