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BullNBear52

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BullNBear52

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Wednesday, 09/16/2020 4:42:38 PM

Wednesday, September 16, 2020 4:42:38 PM

Post# of 54430
Warren Buffett’s Berkshire Hathaway just made a fast $800 million on Snowflake’s surging IPO
PUBLISHED WED, SEP 16 20201:07 PM EDTUPDATED 34 MIN AGO
Yun Li
@YUNLI626
Maggie Fitzgerald
@MKMFITZGERALD
KEY POINTS
Berkshire Hathaway just made about $800 million off of Snowflake’s market debut, despite Warren Buffett’s aversion to IPOs.
It’s widely speculated that Buffett lieutenants Todd Combs and Ted Weschler orchestrated the Snowflake bet.
The legendary value investor hasn’t invested in a newly public company since the Ford IPO in 1956.

https://www.cnbc.com/2020/09/16/warren-buffetts-berkshire-hathaway-just-made-a-fast-1-billion-on-snowflakes-surging-ipo.html

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