Shares Snowflake Inc. SNOW, +111.60% enjoyed a red-hot start to their public life Wednesday, as the first trade was 104.2% above its initial public offering price. The California-based software company, which is backed by Warren Buffett’s Berkshire Hathaway Inc. BRK.B, +0.29% and Salesforce.com Inc. CRM, -0.42%, raised $3.36 billion in the IPO and was valued at roughly $33 billion. The first trade was at $245 at 12:38 p.m. Eastern for 3.5 million shares, compared with the $120 IPO price. The pricing was above the expected range of $100 to $110, which was raised earlier this week from expectations of $75 to

Read More At Article Source | Article Attribution