Snow Perspective- Beth Kindig

While contemplating my scale up orders for tomorrow’s IPO… Beth’s comps gave pause.
“ Snowflake – how it compares

At the midpoint of its expected price range at $105 per share, Snowflake is set to open trading at just over 50x NTM revenue. In comparison, ZM opened trading at 31x NTM revenue in its April 2019 IPO, and peaked at 41x in its first month of trading. CRWD began trading at 23x NTM revenue in its June 2019 IPO, and hit a peak of 43x in its first month of trading.”

Plan reload-series of 60 Day GTC scale down orders.