Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, June 13, 2025

Article Excerpt

SNOWFLAKE INC., $208.18, symbol SNOW on New York, provides cloud-based data storage and analytics to more than 11,500 customers worldwide. San Mateo, California-based Snowflake was founded in 2012 to help companies manage data they store in the cloud—the remote servers and software services that firms use to store and process vast amounts of information. Snowflake offers a platform for storing, organizing and analyzing data across multiple cloud providers, including Amazon Web Services, Microsoft Azure and Google Cloud. Snowflake went public in September 2020, selling 28 million shares at $120 each to raise $3.36 billion. Due to high demand, the final IPO price was set above the company’s proposed offering target of $100 to $110 a share. That range was already raised from the earlier planned $75 to $85 a share. On June 2, 2025, Snowflake announced its acquisition of Crunchy Data. Snowflake is paying $250 million for the company. Crunchy Data will be part of an offering called Snowflake Postgres. Crunchy Data is a cloud-based…