These securities, may not be sold until the registration statement filed with the Securities and Exchange 2020 This preliminary prospectus not an offer to sell nor does it seek buy these securities in any jurisdiction where the or sale permitted. Siebert Williams Shank The information in this preliminary prospectus Commission is effective. Piper Sandler Stifel Academy Securities Loop Capital Markets Ramirez & Co., Inc. Morgan Securities LLC Allen & Company LLC Citigroup Credit Suisse Barclays Deutsche Bank Securities Mizuho Securities Truist Securities BTIG Canaccord Genuity Capital One Securities Cowen D.A. The underwriters expect to deliver the shares of Class A common stock against payment in New York, New York on, 2020. To the extent that the underwriters sell more than shares of Class A common stock, the underwriters have the option to purchase up to an additional shares of Class A common stock at the initial public offering price less the underwriting discount. $ $ _ (1) See the section titled “Underwriting” for a description of compensation payable to the underwriters.
Per Share Total(1) Initial public offering price. Any representation to the contrary is a criminal offense. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved these securities or determined if this prospectus is truthful or complete. Outstanding shares of Class B common stock will represent approximately % of the voting power of our outstanding capital stock immediately following this offering, with our directors, executive officers, and principal stockholders representing approximately % of such voting power. Each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock.
Each share of Class A common stock is entitled to one vote. The rights of the holders of Class A common stock and Class B common stock are identical, except with respect to voting, conversion, and transfer rights. We have two classes of authorized common stock: Class A common stock and Class B common stock. See the section titled “Risk Factors” beginning on page 12 to read about factors you should consider before buying shares of our Class A common stock. We have applied to list our Class A common stock on the New York Stock Exchange under the symbol “SNOW.” We are an “emerging growth company” as defined under the federal securities laws, and as such, we have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings. It is currently estimated that the initial public offering price will be between $ and $ per share. Prior to this offering, there has been no public market for our Class A common stock. PROSPECTUS (Subject to Completion) Issued, 2020 Shares CLASS A COMMON STOCK This is an initial public offering of shares of Class A common stock of Snowflake Inc.
0 kommentar(er)
