Snowflake to Launch Highly Anticipated IPO
The long wait for prospective Snowflake (NYSE: SNOW) investors is almost over. The San Mateo, California-based cloud company will begin trading during the Wednesday session.
Snowflake offers a compelling value proposition. Previously, data in the cloud resided in fragmented silos. These were difficult to join and did not interact well with other silos. Users had to contend not only with redundancy but also with questions about reliability as updates across multiple clouds became difficult.
Snowflake's database software, by contrast, places all of this data in a single, scalable, cloud-based source. This makes the information reliable and easier to update, and also eliminates latency. Although providers such as Amazon, Microsoft, and IBM offer data clouds, Snowflake's software is the only one that can run on all services.
Source Fool.com
