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Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three Brand New Billionaires

Snowflake Shares Soar 115% In Red-Hot IPO, Minting Three Brand New Billionaires

Snowflake CEO Frank Slootman, second from remaining, and cofounder Benoit Dageville, left, pose right here with cofounder Thierry Cruanes and CFO Mike Scarpelli. All four are big champions in Snowflake’s IPO, with Slootman and Dageville now billionaires.

Natalie and Cody Gantz

Cloud database business Snowflake started dealing on Wednesday at significantly more than double its list cost, making CEO Frank Slootman, ex-CEO Bob Muglia and cofounder Benoit Dageville billionaires.