Snowflake received a vote of confidence Tuesday after a filing revealed that Salesforce and Berkshire Hathaway each agreed to purchase $250 million of stock at its IPO price. Berkshire will also make a secondary purchase
But the Berkshire Hathaway investment is atypical for the company, Warren Buffett has built a reputation as a value investor who has made high profile bets on conglomerates. However, he does not make all the investing decisions himself andsuch as Todd Combs and Ted Weschler, especially when it comes to tech stocks.
Buffett said last year that "one of the fellows in the office" was responsible for Berkshire's stake in Amazon, likely referring to Combs or Weschler.this year under the ticker symbol "SNOW." The company said in a prospectus last month that revenue in the first half of 2020 more than doubled to $242 million from $104 million a year earlier.
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