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May 19, 2022

News of the Trade

Latest trading, investing, and financial news

Filing: Salesforce sold all its Snowflake shares in Q1 2022; Salesforce bought 2.1M shares for $250M in Snowflake’s IPO in 2020, and had sold ~95% of it in 2021 (Jordan Novet/CNBC)

Jordan Novet / CNBC:
Filing: Salesforce sold all its Snowflake shares in Q1 2022; Salesforce bought 2.1M shares for $250M in Snowflake’s IPO in 2020, and had sold ~95% of it in 2021  —  – Salesforce placed a $250 million bet on Snowflake at the time of the software company’s IPO in 2020.