A ton of companies IPO (Initial Public Offering) this week and some of them are hot names you’ll want to know. This Wednesday starts it off… Snowflake – Founded by former Oracle developers eight years ago… It uses the cloud to make big datasets more available… Companies are drooling over that information theses days. Its revenue grew increased by 174% to $265 million in 2019. People are very bullish on Snowflake because of its ability to dominate the multi-cloud world. It’s the perfect complement too to SaaS companies likes Salesforce and ServiceNow. Want more? They just received a $550 million dollar investment from Warren Buffet, who often is reluctant in investing in technology. On that Oracle note… looks like they’ll be closing in on the Tik Tok deal after they denied Microsoft. “Oracle can provide TikTok with cloud infrastructure, although the company is not a leader in that market,” from CNBC. We’ve been hyping up Microsoft on the Under Two, the stock may dip this morning because of the bad news of not getting the deal, but we think anything below $200 is a bargain. We’ll be covering more IPOs throughout this week. |