Snowflake’s IPO: The Details You Need To Know

August 28, 2020, 03:20 PM EDT

Cloud data platform provider Snowflake filed an S-1 document with the U.S. Securities and Exchange Commission this week, providing information about the company’s financial performance, ownership and go-to-market plans in advance of its much-anticipated IPO. Here’s a deep dive into the details.

Ready To Go Public

This week, cloud data platform developer Snowflake, one of the most successful Silicon Valley startups in recent years, filed an S-1 document with the U.S. Securities and Exchange Commission detailing plans for its highly anticipated initial public offering.

Snowflake, founded in 2012 and based in San Mateo, Calif., developed a cloud-based data warehouse system to compete with on-premises data warehouse products from companies like IBM, Oracle and Teradata. More recently, Snowflake expanded its potential market by positioning its technology as a cloud data platform for a range of applications.

Snowflake has raised a staggering $1.4 billion in venture financing, including a $450 million round in October 2018 and a $479 million round in February of this year, putting the company’s valuation at $12.4 billion.

The S-1, more than 180 pages long, offers a look at the company’s product and market strategy, management, operations, finances and more.

Here are the key points to know about the Snowflake IPO.

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Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.