Snowflake Inc.

Snowflake was one of the most anticipated and successful IPOs of 2020, and the company’s launch and growth have attracted extreme excitement and interest from investors, including ones not normally associated with tech IPOs. Critics say this has gone way beyond any realistic expectations for Snowflake’s growth, but the stock has attracted the interest of some of the largest names in the finance and technology industries.

Snowflake was founded in 2012 by Oracle data engineers, Benoit Dageville and Thierry Cruanes. At that time, organizations would typically store their data using on-site servers. This was hugely expensive, tied organizations to legacy systems, and required constant maintenance. Instead of being accessible in one place, organizations relied on multiple data ‘silos’; for example, if sales and marketing data are held separately, it is not simple to search or access data stored in different places and in different formats.

Snowflake instead rents organizations space on its cloud, offering a centralized ‘data warehouse’ that eliminates the need for customers to buy and maintain expensive hardware. Users pay for the service by the processing time involved, with transparent pricing plans that allow the spend to increase as their users grow, rather than involving large jumps in cost. Snowflake also offers a single, simple interface for users to access their previously siloed data. This service has proved extremely popular. In 2020, Snowflake had around 3,110 customers, and in just under one year this number surged to 4,990, with more than 100 customers spending over $1 million per year.

Just prior to Snowflake’s 2020 IPO, Warren Buffett’s investment vehicle Berkshire Hathaway bought a large private stake in the company. The CRM giant Salesforce simultaneously bought an equivalent stake of $250 million. This contributed to a dramatic reception to the firm’s IPO, which launched on the New York Stock Exchange at $120 per share, well above analyst estimates. On the first day’s trading, the shares closed at $254, valuing Snowflake at $70 billion. As of 2021, Snowflake has a market capitalization of $117.9 billion. Its largest shareholders include ICONIQ Capital, a private investment management firm with major Silicon Valley executives as clients, and technology hedge fund Altimeter Capital.

SaxotraderGO HERO

Invest in Snowflake Inc. stocks in SaxoTraderGO

Do you want more information about investing or investing in the Snowflake Inc. stock? Then open an account with Saxo Bank now. You will also receive technical analysis, expert insights, market news and much more.

SaxotraderGO HERO

See stock analyzes and key figures Snowflake Inc.

Get access to clear analyzes and key figures for the Snowflake Inc. stock. At Saxo Bank, you will find expert insights from our own SaxoStrats, view market analysts as well as technical analysis, all gathered in one place.

Before investing in individual stocks, it is recommended to make a thorough analysis. Investing carries risks, your investment can lose value.

Stocks illustration_769x385_v2

*The illustration is used as an example only. For the most up-to-date information on this instrument, existing customers should use the trading platform.

Gainers
Instrument
Visa Inc.
3V64:xetr . EUR
Deutsche Bank
DBK:xmil . EUR
Vestas Wind Systems A/S
VWS:xcse . DKK
Thomson Medical Group Ltd
A50:xses . SGD
Deutsche Bank AG
DBK:xetr . EUR
Instrument

“Market movers” show you the biggest price fluctuations across selected markets. Data is delayed up to 30 minutes. See the full disclaimer for more information.

Invest in popular stocks, in addition to Snowflake Inc.

Invest in popular stocks, in addition to Snowflake Inc.

At Saxo Bank, you can trade over 19,000 stocks. The large selection allows you to find exactly what you need, from niche small-cap options to the well-known large companies with high market caps. See a selection of the most popular stocks you can invest in on our user-friendly platforms, SaxoTraderGO.

Find your next investment

Are you looking for inspiration? Our SaxoStrats provide daily analysis across asset classes including stocks that can help you identify your next opportunity. If you want to invest in a specific market trend, you can select stocks based on different themes. Use our Stock Screener to filter stocks by sector, market, investment theme and more.
Find our investment
Account-overview-front-desktop

Should our experts invest for you?

Do not have the time, knowledge or energy to make your own investments? So let our independent experts navigate the market and manage your investments for you.

Frequently asked questions about Snowflake Inc.

Find quick answers to your questions about trading Snowflake Inc. at Saxo Bank. We have gathered answers to the questions we most often get from new and existing customers.

To buy Snowflake shares, simply log on to one of our platforms - SaxoInvestor, SaxoTraderGO or SaxoTraderPRO - and search for the ticker ‘SNOW’. If you don’t have an account, you can create one by clicking here.

A live price for Snowflake shares is visible on your account, simply log in and search for Snowflake. Then, select the trade ticket, click on the ‘I’ icon and then navigate to ‘Trading Rates’ to see transaction costs. New customers of Saxo can click here to open an account now.

On our platforms we offer plenty of different financial information to help you decide if Snowflake is the right investment for you. You will find stock analysis, financial reports, and current and historical price charts on your account. You can open an account here.

Snowflake does not pay a dividend to investors. Like many technology companies, Snowflake reinvests its earnings back into the company for growth and expansion into new ventures.

You can check how Snowflake shares have performed in the past by logging in to your trading platform account to see price charts and historical financial data. If you don’t have an account with Saxo, you can open one by clicking here.

Information on this page is not intended for investment advice or as an individual recommendation for trading. Reward to the author of this article was / is not related to his / her specific recommendation or views. Although Saxo Bank carefully collects and maintains these pages using reliable sources, Saxo Bank can not guarantee that this information is correct, complete or current. If you use this information without verification, it is at your own expense and risk. No rights can be inferred from the information on these pages. Investment involves risks. Your investment may be worth less. Read more information about the specific product risks on the product pages.

Saxo Bank A/S (Headquarters)
Philip Heymans Alle 15
2900
Hellerup
Denmark

Contact Saxo

Select region

International
International

Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

This website can be accessed worldwide however the information on the website is related to Saxo Bank A/S and is not specific to any entity of Saxo Bank Group. All clients will directly engage with Saxo Bank A/S and all client agreements will be entered into with Saxo Bank A/S and thus governed by Danish Law.

Apple and the Apple logo are trademarks of Apple Inc, registered in the US and other countries and regions. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.