We may take advantage of certain exemptions from various public company reporting requirements, including not being required to have our internal control over financial reporting audited by our independent registered public accounting firm under Section 404 of the Sarbanes-Oxley Act of 2002 (the Sarbanes-Oxley Act), reduced disclosure obligations regarding executive compensation in our periodic reports and proxy statements, and exemptions from the requirements of holding a non-binding advisory vote on executive compensation and any golden parachute payments. We are an “emerging growth company” as defined in the Jumpstart Our Business Startups Act of 2012 (the JOBS Act). From Jto July 31, 2020, we processed an average of 507 million daily queries across all of our customer accounts, up from an average of 254 million daily queries during the corresponding month of the prior fiscal year. CEOs choose us as a strategic partner to accelerate their cloud strategies and deliver new revenue-generating services. Businesses choose us as the analytical engine to power their digital services. Data scientists choose us to simplify data transformation to build better machine learning algorithms. Business leaders choose us to distill insights from their most important business metrics. CMOs choose us to create 360-degree customer views. For example, CIOs choose us to help migrate petabytes of raw data to the public cloud and transform it into analytics-ready data. Our platform supports a wide range of use cases that enable our customers’ most important business objectives, including data engineering, data lake, data warehousing, data science, data applications, and data sharing.
SNOWFLAKE PRO SOFTWARE SUPPORT REGISTRATION
These securities, may not be sold until the registration statement filed with the Securities and Exchange 2020
This preliminary prospectus not an offer to sell nor does it seek buy these securities in any jurisdiction where the or sale permitted. Siebert Williams Shank The information in this preliminary prospectus Commission is effective.
Piper Sandler Stifel Academy Securities Loop Capital Markets Ramirez & Co., Inc. Morgan Securities LLC Allen & Company LLC Citigroup Credit Suisse Barclays Deutsche Bank Securities Mizuho Securities Truist Securities BTIG Canaccord Genuity Capital One Securities Cowen D.A. The underwriters expect to deliver the shares of Class A common stock against payment in New York, New York on, 2020. To the extent that the underwriters sell more than shares of Class A common stock, the underwriters have the option to purchase up to an additional shares of Class A common stock at the initial public offering price less the underwriting discount. $ $ _ (1) See the section titled “Underwriting” for a description of compensation payable to the underwriters. Per Share Total(1) Initial public offering price. Any representation to the contrary is a criminal offense. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved these securities or determined if this prospectus is truthful or complete. Outstanding shares of Class B common stock will represent approximately % of the voting power of our outstanding capital stock immediately following this offering, with our directors, executive officers, and principal stockholders representing approximately % of such voting power. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock. Each share of Class A common stock is entitled to one vote. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. We have two classes of authorized common stock: Class A common stock and Class B common stock.
See the section titled “Risk Factors” beginning on page 12 to read about factors you should consider before buying shares of our Class A common stock. We have applied to list our Class A common stock on the New York Stock Exchange under the symbol “SNOW.” We are an “emerging growth company” as defined under the federal securities laws, and as such, we have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings. It is currently estimated that the initial public offering price will be between $ and $ per share. Prior to this offering, there has been no public market for our Class A common stock. PROSPECTUS (Subject to Completion) Issued, 2020 Shares CLASS A COMMON STOCK This is an initial public offering of shares of Class A common stock of Snowflake Inc.
0 kommentar(er)
