No. of Recommendations: 4
I haven't dug into the relevant original documents myself, but if that post of DTB's is right, the purchase was ultimately 6,125,376 shares at $120.00 for $735.045 million.
With SNOW now trading at $149.50, that shareholding is now valued at about $915.7m, up only 24.6%.That sounds right. Here's Barron's, in January, when Snowflake shares were just a hair over the $120 IPO price:
barrons.com - Warren buffett chevron colorado nebraska deion sanders (there's a paywall, but you can probably read the intro.)
By the way, it seems it may have been a Combs investment:
It's no surprise
In an interview with Yahoo! Finance Friday, Snowflake CEO Frank Slootman was asked about the Berkshire investment and what might have led the company to invest in Snowflake. Slootman had said that most of Snowflake's interactions had been with Todd Combs, one of Buffett's younger lieutenants.
Not only is Combs one of the chief investment officers at Berkshire, but he's also currently CEO of GEICO, the large auto insurer that's wholly owned by Berkshire. Apparently, Berkshire's insurance operations have used Snowflake's cloud-based data warehouse for some time, so Combs was probably intimately familiar with Snowflake's product and capabilities.fool.com - Now we know who at berkshire invested in snowflake
