The 1 Big Reason I'm Holding Off on Snowflake's IPO ... for Now
A decade from now, when we look back at what COVID-19 did to the business world, we may well remember it as a "cloud catalyst" more than anything. By that, I mean 10 years' worth of migration to the cloud was squeezed into 10 months. That's what happens when businesses are forced to adopt e-commerce and remote work en masse.
That makes the timing of Snowflake's expected IPO absolutely perfect. With a projected valuation around $22 billion after going public, the company has everything I look for in a stock: the software-as-a-service (SaaS) business model, optionality, a solid balance sheet, and management with skin in the game.
But I'm not buying shares ... yet. Below, I'll cover why Snowflake is so enticing and the one big threat I believe could be lurking right under the surface.
Source Fool.com
