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Stock market blizzard: Snowflake set for £33bn IPO as valuation bubble keeps on expanding

The price? ‘ridiculous for a company that is still loss-making’ – analyst

Cloud data warehouse slinger Snowflake has set an IPO price valuing the company at $33bn, making it nominally worth more than US retailer Best Buy or UK supermarket chain Tesco.…

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This syndicated post originally appeared at The Register

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