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MarketScreener Homepage  >  Equities  >  Nyse  >  Berkshire Hathaway Inc.    BRK.A

BERKSHIRE HATHAWAY INC.

(BRK.A)
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Snowflake Raises Expected IPO Price Range as Valuation Tops $29 Billion

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09/14/2020 | 08:02am EDT

By Colin Kellaher

 

Cloud computing services provider Snowflake Inc. on Monday raised the expected price range of its initial public offering, pushing its valuation over $29 billion.

The San Mateo, Calif., company said it now expects the offering of 28 million shares to be priced at between $100 to $110 each, up from a prior range of $75 to $85 apiece.

At the $105 midpoint of the new range, Snowflake said it expects net proceeds of about $3.3 billion, or roughly $3.8 billion if the underwriters exercise an option to buy an additional 4.2 million shares.

Snowflake has also agreed to sell $250 million in shares each to Berkshire Hathaway Inc. and the venture-capital arm of Salesforce.com Inc. in private placements.

The company said it will have about 277.3 million shares outstanding after the IPO and private placements, for a valuation of about $29.1 billion.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
BERKSHIRE HATHAWAY INC. -2.07% 312735 Delayed Quote.-7.91%
SALESFORCE.COM, INC. -3.41% 241.98 Delayed Quote.48.78%
SNOWFLAKE INC. -5.15% 251.39 Delayed Quote.0.00%
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Financials (USD)
Sales 2020 240 B - -
Net income 2020 - - -
Net cash 2020 24 104 M - -
P/E ratio 2020 -
Yield 2020 -
Capitalization 498 B 498 B -
EV / Sales 2020 1,98x
EV / Sales 2021 1,77x
Nbr of Employees 391 500
Free-Float 79,6%
Chart BERKSHIRE HATHAWAY INC.
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Berkshire Hathaway Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends BERKSHIRE HATHAWAY INC.
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TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 355 000,00 $
Last Close Price 312 735,00 $
Spread / Highest target 15,1%
Spread / Average Target 13,5%
Spread / Lowest Target 11,9%
EPS Revisions
Managers
NameTitle
Warren Edward Buffett Chairman & Chief Executive Officer
Marc D. Hamburg Chief Financial Officer & Senior Vice President
Charles Thomas Munger Vice Chairman
David Sanford Gottesman Independent Director
Walter Scott Independent Director
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