Updated May 31, 2022 / Original May 27, 2022
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It’s been more than 600 days since Snowflake came public in one of the hottest initial public offerings of the pandemic era. It turned out to be a winding, nearly two-year road back to the starting line. For investors, there’s now an opportunity to make a sharply discounted bet on what remains one of the most impressive growth stories in software.
The standard description of Snowflake (ticker: SNOW) is that it’s a cloud-based data warehousing company. A better explanation is that Snowflake provides software on top of the giant…