Snowflake IPO: A Rebound for the US Stock Market

Snowflake IPO: A Rebound for the US Stock Market
Case Code: FINC171
Case Length: 13 Pages
Period: 2019-2020
Pub Date: 2021
Teaching Note: Available
Price: Rs.400
Organization: Snowflake Inc.
Industry: Technology & Communications
Countries: United States
Themes: Corporate Finance, Strategic Planning
Snowflake IPO: A Rebound for the US Stock Market
Abstract Case Intro 1 Case Intro 2 Excerpts

Introduction

Lakshadweep Islands (Islands), an archipelago of 36 islands situated off the south western coast of India, at a distance of 220 km to 440 km from Kerala (a state in India) in the Arabian Sea (Refer to Exhibit-I for the Geographical Location of Lakshadweep Islands), achieved the remarkable feat of being COVID-19 free during the third of week of July, 2020 even as the rest of India and the world at large were witnessing the devastating effects of the pandemic. At a time when India was recording hundreds of thousands of positive COVID-19 cases every day, and every state and union territory was recording an increasing number of cases, the Islands recorded zero cases...

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