Snowflake just raised its expected IPO price, and the buzz got even louder

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Snowflake’s IPO is heating up.advertisementadvertisementThe cloud data platform now is forecasting its share price of its initial public offering to be $100-$110. That’s about 30% higher than the $75-$85 the company originally listed on its amended Form S-1, filed with the U.S. Securities and Exchange Commission last Monday.The proposed maximum aggregate offering price is more than $3.5 billion, according to Snowflake’s second updated SEC filing, which was submitted yesterday.In the September 8 paperwork, the company announced that Marc Benioff’s Salesforce Ventures and Warren Buffet’s Berkshire Hathaway planned to each buy $250 million of the new stock in a private placement. (The purchase of the 3,1250,000 shares was based on an assumed IPO price of $80 per share at the time.)The San Mateo, California-based company filed for an IPO on August 24. It’s expected to list this week on the New York Stock Exchange.Snowflake said it had 121% Q2 revenue growth year over year. Total quarterly revenue for that quarter was $133 million. As of July 31, it had 3,117 customers, up from 1,547 customers in that same period the year before.“Our platform solves the decades-old problem of data silos and data governance. Leveraging the elasticity and performance of the …

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