Snowflake’s IPO spurs a flood of wealth for Silicon Valley’s elites
  • Iconiq Capital, a multifamily office whose clients include Facebook’s Mark Zuckerberg, LinkedIn’s Reid Hoffman and Twitter’s Jack Dorsey, took part in multiple Snowflake funding rounds beginning in 2017
  • Its 12 per cent stake in the company, bought for US$245 million, was worth more than US$4 billion at the initial offering price of US$120. By the end of Wednesday, the same stake was worth a staggering US$8.6 billion
17 Sep 2020 - 10:01PM