Snowflake’s CEO on Having Year’s Biggest IPO: ‘So Far, So Good’
- Cloud database company competes with giants Oracle, Amazon
- CEO Slootman looking for investors to stay for the long haul
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Snowflake Inc. Chief Executive Officer Frank Slootman took his company’s record $3.36 billion initial public offering in stride, describing it as just another step in the software maker’s plan to disrupt the database market.
“So far, so good,” Slootman said Wednesday in an interview. “We needed to do this for a number of reasons, especially to raise the stature of the company in the marketplace. We sell to the largest companies in the world and we also compete with the largest companies in the world, so it’s really important.”