Oracle could rake in big bucks from a partnership with TikTok. One top tech analyst explains how.
It's official: Snowflake (NYSE: SNOW), a company most investors had never even heard of just a few months ago, has become the largest software IPO in history. On Wednesday, the company raised a net of more than $3.25 billion in cash and counts among its new investors a diverse group from Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) to software-as-a-service giant salesforce.com (NYSE: CRM).
This tech company has carved out a high-growth niche, but its stock is already trading at frothy valuations.