One week ago, Snowflake made history, debuting on the New York Stock Exchange. De Haas Ventures is extremely thankful to Snowflake management for their trust in us. De Haas helps Snowflake management to grow faster in Europe in several ways.
Debuting on the New York Stock Exchange, the data warehousing company became the largest software company to IPO in the U.S., ever. Initially expected to price shares between $75 and $85, the company went public at $120, catapulting up to $300 in its first day of trading. That broke another record: Snowflake became the largest company to ever double in value on its opening day, reaching a market cap of close to $75 billion.
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