# Snowflake — Capital Time Machine

Explore the private issuance and IPO offer as distinct milestones, with the evidence behind each price.

Canonical citation: https://capitaltimemachine.com/private/snowflake

Dataset revision: ctm-research-2026-10-01; evidence register reviewed: 2026-09-19. Each observation retains its own check date.

Publisher: CapitalTimeMachine. Methodology: https://capitaltimemachine.com/methodology



## What this supports

Nine preferred series have sourced issuance prices, a reviewed 1:1 conversion and one documented public close. Table dates and issuance months do not establish purchase dates. No sale or annualized private return is inferred.

## Limitations

- Historical research and hypothetical arithmetic, not live quotes, investment advice or an offer to invest.

- Company valuation changes are not shareholder returns. Financing, dilution, security rights and exit access matter.

- IPO offer-price marks are not realized sale proceeds; minimum investments and access are not established.

- User-entered prices and valuations are assumptions, not sourced observations. Fee and carry treatment is stated by each method; taxes and distributions are excluded.

- Selected surviving companies are not representative of private-market outcomes; investments may lose all value.

## Sourced observations

### SNOW-SEED — Seed preferred issuance price

Value: 0.1719 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Seed preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-SEED

### SNOW-A — Series A preferred issuance price

Value: 0.3476 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series A preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-A

### SNOW-B — Series B preferred issuance price

Value: 0.96805 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series B preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-B

### SNOW-C — Series C preferred issuance price

Value: 2.29215 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series C preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-C

### SNOW-D — Series D preferred issuance price

Value: 3.5021 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series D preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-D

### SNOW-E — Series E preferred issuance price

Value: 7.4617 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series E preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-E

### SNOW-F — Series F preferred issuance price

Value: 14.96125 USD; scope: per_share_issuance_price

Date: 2020-01-31; precision: day; role: historical_table_snapshot; actual investment date: not established

Security: Series F preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

January 2020 filing-table snapshot, not a purchase date. Published price precision is retained; the 2018 split is already reflected.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Note 10: January 31, 2020 preferred-share table; Notes 2, 10 and 11: split and conversion

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-F

### SNOW-G1 — Series G-1 preferred issuance price

Value: 38.77 USD; scope: per_share_issuance_price

Date: 2020-02; precision: month; role: reported_issuance_month; actual investment date: not established

Security: Series G-1 preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

February 2020 issuance month; not an exact purchase date. G-1/G-2 preferred issuance is distinct from the common-share tender.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Item 5: February 2020 unregistered issuance; Notes 2 and 10

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-G1

### SNOW-G2 — Series G-2 preferred issuance price

Value: 38.77 USD; scope: per_share_issuance_price

Date: 2020-02; precision: month; role: reported_issuance_month; actual investment date: not established

Security: Series G-2 preferred; share basis: retrospectively_split_restated

Verification: primary_verified; checked: 2026-09-17

February 2020 issuance month; not an exact purchase date. G-1/G-2 preferred issuance is distinct from the common-share tender.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Item 5: February 2020 unregistered issuance; Notes 2 and 10

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-G2

### SNOW-OFFER — IPO offer price

Value: 120.00 USD; scope: public_offer_price_per_share

Date: 2020-09-18; precision: day; role: offering_completion; actual investment date: not established

Security: Class A common; share basis: undefined

Verification: primary_verified; checked: 2026-09-17

An offering price does not establish that a private holder received an allocation or could sell. It is not a public closing price.

Source: [SEC · Snowflake filing — 2021 Form 10-K](https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm)

Source location: Item 5: Use of Proceeds

Citation: https://capitaltimemachine.com/private/snowflake#SNOW-OFFER

## Calculation options

{
  "early_stage_assumptions": null,
  "ipo_offer_models": [
    {
      "id": "SNOW-SEED-IPO",
      "company": "snowflake",
      "start": "SNOW-SEED",
      "end": "SNOW-OFFER",
      "label": "Seed → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-A-IPO",
      "company": "snowflake",
      "start": "SNOW-A",
      "end": "SNOW-OFFER",
      "label": "Series A → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-B-IPO",
      "company": "snowflake",
      "start": "SNOW-B",
      "end": "SNOW-OFFER",
      "label": "Series B → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-C-IPO",
      "company": "snowflake",
      "start": "SNOW-C",
      "end": "SNOW-OFFER",
      "label": "Series C → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-D-IPO",
      "company": "snowflake",
      "start": "SNOW-D",
      "end": "SNOW-OFFER",
      "label": "Series D → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-E-IPO",
      "company": "snowflake",
      "start": "SNOW-E",
      "end": "SNOW-OFFER",
      "label": "Series E → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-F-IPO",
      "company": "snowflake",
      "start": "SNOW-F",
      "end": "SNOW-OFFER",
      "label": "Series F → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-G1-IPO",
      "company": "snowflake",
      "start": "SNOW-G1",
      "end": "SNOW-OFFER",
      "label": "Series G-1 → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    },
    {
      "id": "SNOW-G2-IPO",
      "company": "snowflake",
      "start": "SNOW-G2",
      "end": "SNOW-OFFER",
      "label": "Series G-2 → IPO offer-price mark",
      "conversion_factor": "1",
      "split_adjustment": "already_reflected_do_not_apply_again",
      "reviewed_on": "2026-09-17",
      "basis_note": "Note 10 confirms all preferred series converted 1:1 to Class B at the IPO; Note 11 and Note 16 support 1:1 Class A equivalents. The 2018 split is already reflected. No holder-specific sale eligibility is established.",
      "source_url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
      "source_locators": [
        "Note 2: Stock Split",
        "Note 10: preferred prices and 1:1 conversion",
        "Notes 11 and 16: Class B/Class A conversion"
      ]
    }
  ],
  "valuation_comparisons": [],
  "user_entered_private_prices": false,
  "entered_public_price_review": {
    "company": "snowflake",
    "ticker": "SNOW",
    "issuer_cik": "1640147",
    "model_ids": [
      "SNOW-SEED-IPO",
      "SNOW-A-IPO",
      "SNOW-B-IPO",
      "SNOW-C-IPO",
      "SNOW-D-IPO",
      "SNOW-E-IPO",
      "SNOW-F-IPO",
      "SNOW-G1-IPO",
      "SNOW-G2-IPO"
    ],
    "from_date": "2024-06-10",
    "through_date": "2026-09-19",
    "reviewed_on": "2026-09-19",
    "status": "reviewed_user_price_scenario",
    "historical_only": false,
    "limitation": "Entered price is unverified. Use the actual common-share price on its dated basis, not a dividend-adjusted or retrospectively split-adjusted history.",
    "listed_equivalent_factor": "1",
    "splits": [],
    "sources": [
      {
        "url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
        "title": "Original IPO share basis",
        "locator": "Prospectus / offering and capital-stock terms; the existing private-to-IPO model supplies the entry conversion."
      },
      {
        "url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014726000037/snow-20260731.htm",
        "title": "Issuer 10-Q · 2026-09-04",
        "locator": "Common-stock presentation and corporate-action screening. A missing split keyword alone is not evidence of a complete history."
      },
      {
        "url": "https://www.stocksplithistory.com/?symbol=SNOW",
        "title": "Supplemental split-history screen",
        "locator": "Dated post-IPO corporate actions only. Ticker reuse can introduce unrelated pre-IPO events; those are excluded. No market quote was copied."
      }
    ],
    "review_note": "Entry-to-IPO conversion reuses the approved company-specific model. The post-IPO corporate-action screen matches the issuer CIK and excludes reused ticker history predating its IPO. This is a bounded price-only scenario, not a licensed quote or a certified corporate-action feed."
  },
  "public_ipo": null
}

## Reuse and corrections

Link to the company page and original evidence, retain dates, units and limitations. Third-party source terms remain applicable; no new license to third-party material is granted. https://capitaltimemachine.com/terms

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