Snowflake Ipo News Today

Todd Johnson/San Francisco Business Times Insiders say Snowflake CEO Frank Slootman doesnt care about social causes. Hes focused on making shareholders money. While some in Silicon Valley warn of a backlash, Slootmans main concern is winning. Technology executive Frank Slootman took software company Snowflake public in one of the biggest tech IPOs of 2020, raising $3.4 billion at a $33.3 billion valuation. By the close of Snowflakes first day of trading, its stock ...

This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Insiders say the CEO doesnt care about social causes. Hes focused on making shareholders money. A crewmember said Slootman stopped sailing competitively because "everybody was out to get him." When he became CEO of Snowflake, Frank Slootman cut costs, including the company ski trip to Tahoe. In July 2017, two years before he took over as the chief executive of...