SNOW Jun 2025 75.000 put
- Barrons.com
Snowflake Gets Interest Rate of Zero on New Convertible Bond. Buyer Beware.
Snowflake the cloud software company, took advantage of strong demand in the convertible bond market to issue $2 billion of securities with an interest rate of zero, according to a press release published earlier Wednesday. Snowflake doesn’t need the money given that it has over $3 billion of cash and equivalents and is generating free cash flow, although it isn’t profitable based on generally accepted accounting principles due mostly to high stock-based compensation. The converts were sold as Rule 144A private placements to institutional investors.
- Insider Monkey
Is Snowflake Inc. (SNOW) the Worst Cloud Stock To Buy According to Short Sellers?
We recently compiled a list of the Worst Cloud Stocks To Buy According to Short Sellers. In this article, we will look at where Snowflake Inc. (NYSE:SNOW) stands against the worst cloud stocks to buy according to short sellers. Cloud computing refers to the use of remote servers, typically accessed via the Internet, to store, […]
- Business Wire
Snowflake Prices Private Placement of $2.0 Billion of Convertible Senior Notes
No-Headquarters/BOZEMAN, Mont., September 25, 2024--Snowflake Inc. (NYSE: SNOW) ("Snowflake"), the AI Data Cloud Company, today announced the pricing of $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2027 (the "2027 notes") and $1.0 billion aggregate principal amount of its 0% Convertible Senior Notes due 2029 (the "2029 notes," and together with the 2027 notes, the "notes") in a private placement (the "offering") to persons reasonably believed to be qualified ins
