 I like this one What's up money geeks, mr. V here welcome to another video guys so into this video We are going to be talking about the most anticipated IPO of the year Snowflake but before we get started if you're new to the channel we talk about how to earn money how to save money how to Invest and build wealth so if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content. So guys snowflake IPO. It's coming out tomorrow It's gonna be insane. This is an IPO that everybody is looking at and here I'll just give you or just a glimpse as to why this IPO is crazy We're in buffet. That is not really a tech guy is actually buying into this IPO Self-force Yeah, the investment hand is actually buying into this IPO. They've spent about 250 million into this IPO So this is a I mean like crazy, but that's not the only reason why I really love this IPO It's because I understand the business. It's a cloud based Data Warehouse platform. That's what I do for work. I'm a software engineer with my specialty in data warehousing So I understand the area very well, and I really love this product and now the IPO coming You guys know one of the rules of investing that I have here on the channel Don't invest in something that you don't understand and this one, baby I understand it in and out Let's jump right on the computer and take a look and I'm gonna show you guys Why I think this thing is going to be crazy. So here we are on snowflake website Pretty much again, like I said, this is a company that provides data warehousing solution cloud based data warehousing solution. So If you are somebody that is not familiar with this, you can go on your website and read in depth I'm not going to spend a ton of time Really breaking down the business model, but basically They provide what you see here. They provide a cloud service for people to be able to store You know manage and distribute their data from different environments and Again, because of the fact that it's cloud-based, you don't have to worry about all the infrastructure Required by on-premise companies to be able to use A data warehouse. So that's something that I'm super super excited about. So Again, this IPO is highly highly anticipated. So I'll show you guys some news here That is really so here's one key thing. So when this IPO was first announced You can see here. It says that no snowflake Had said in your filing that Berkshire had a way in Salesforce They plan to buy 250 million shares Which is crazy because if you know Berkshire had a way very well You know that wearing buffet doesn't really like No tech stocks. So the fact that he's really tapping into this one Or just stepping into this one is eye-opening that tells you Everything you need to know then the next thing that I want to point out to you guys is that Snowflake initially when they file, you know, they had you know scheduled to Um price their the stock at about 85 dollars But um yesterday they actually amended their s1 filing and changed their share price to $110 right of the gate. So I mean like this is this is insane from 85 to 110 dollars right of the gate So, um, this is yeah, you're gonna have to you know, put some money down if you want to own a little bit of this And so my anticipation is that uh, this thing is probably I'm going to go to maybe about No, right now they're looking about 30 billion. This thing is probably going to go to about 50 billion by the end of tomorrow Because there's so many people interested in this again, this is Some of the stuff that they do as far as data management or the check the volume ease of use performance Utility, um, I'm not going to go because I understand his business very well So I'm not going to waste time right really doing the details. But again, it's a cloud based data warehouse provider So let's look at a little bit of somebody at revenue growth, uh q2 um 121 percent, uh net retention 158 Customers mean that's a lot of customers and they're going to get more after this ip or I believe um, and then So look at this is a number of queries that go through the system 500 million plus queries per day. That's insane Um, and then let's just again your growth quarterly revenue Um, just look at the growth from from q3 2019 to q2 2021 Oh, this is anticipated 2021, but this is 20 q uh three 20 20 seventy three million um, look at that 20 21 q2 they're looking at 133 um, just just for growth. This is this is um, awesome. I'm As a matter of fact, um, I'm just going to get speechless about this again This is uh, their perspectives and stuff that you can read about the company and understand what they do Bottom line is guys. This ipo, um is highly highly anticipated. So this is where um, in mentioned So snowflake bumps expected ipo price by about 30 percent So this is this is what I mentioned here. So When this when they initially filed for the ipo they the price dip we had was $85 so now they bumped it up to 110 percent. That's why you see this news here. So which is insane. So Yeah, so right here. It's mentioned right here. So, um, it was 85 then we went to um 110 So I'm super excited about this one. It's going to be Crazy once the mic when this thing starts, um to trade tomorrow So if you plan on getting in right on this ipo, you better be damn fast with your execution because um I mean, there's gonna be a lot of sharks out there ready to to like just, you know, swallow this thing It's man. Um, yeah, that's it. Um I'm gonna wrap this one up here, but I'm super excited. I I'm buying this ipo I'm not waiting for to see if there's any pullback or anything. I'm jumping in as soon as this thing starts trading Um to see what I can get um in I'm gonna hold this one long term Because um, I don't think there's a stop that's gonna you just pull back like that So I'm gonna jump in hold it long term and see See what happens. So as you can see guys, this ipo is highly anticipated A lot of people are looking to jump into this. So the market is going to be crazy once this thing start trading tomorrow So, um be be uh on the alert and and you know plan your execution Have your plan. Don't just sit there and wait have a plan to get in on on this ipo if you have to Again, it's going to start a little bit expensive at 110 dollars between 100 and 110. That's not a cheap Uh, um stock to get in but if you can I mean I personally I'm getting into this one So I'm super excited. It's not even a question. Um, whether or not I'm going to buy this one I'm buying this one. I'm going all in Um, because I I see the potential of this if you look at companies like sell force Um, those are companies that you know started like this and they had the same momentum. Um, I mean cloud is the future That's pretty much what it is. So let me know the comment section. What do you think? Are you buying? Uh, snowflake as soon as the ipo lands or starts trading or you're gonna wait and see if there's any opportunity for a pullback before You can jump in yeah, let me know in the comment section And if you are new to the channel, we talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button and the notification bell So you don't miss out on new content and also if you're looking to get started with investing Uh, we've always doing a promotion where when you sign up and deposit a hundred dollars You get a free stock. So I'm going to put the links in the description below Definitely go check them out and as always guys invest safe and stay motivated