Preferred-share table
Snapshot date for Seed through F; not a purchase date.
Source & date details
Note 10: preferred-share table
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab)THE PRIVATE-TO-PUBLIC JOURNEY
Snowflake · Before & after the IPO
Start with a private share price. Follow the evidence into public markets.
Filing-based illustrationSNOW · USD
Approximate marked value on Mar 1, 2021
≈ $70,201.19
$10,000.00 at the Series G-1 issuance price, carried forward as 257.931390 Class A-equivalent shares.
7.02× price multiple from private entry+126.81% public close vs. IPO offer price
- 01
Private issuance price
Purchase date unknown
$10,000.00$38.77 per share · split-restated - 02
IPO offer-price mark
Sep 18, 2020
$30,951.77$120.00 per share - 03
Public closing-price mark
Mar 1, 2021
$70,201.19$272.17 per share
A price mark, not money received. No sale is assumed. An individual holder’s ability to sell is unknown. Fees, tax and distributions are excluded.
Inspect this endpoint’s evidence
$272.17 · Class A common closing price on Mar 1, 2021.
Cover: March 1, 2021 Class A closing price used for non-affiliate market value. Published Mar 31, 2021; source checked Sep 17, 2026.
Read 2021 Form 10-K ↗Calculation record & sources
Keep the inputs, source observations, assumptions and method version used for this result.
Download calculation recordInspect the record
{
"methodVersion": "private-ipo-bridge-1.2.0",
"revision": "snow-ipo-preview-v1",
"privateRevision": "ctm-research-2026-10-01",
"kind": "approximate_private_to_public_price_mark",
"company": "snowflake",
"instrumentId": "SNOW-CLASS-A-NYSE",
"inputs": {
"modelId": "SNOW-G1-IPO",
"markId": "SNOW-CLOSE-2021-03-01",
"amount": "10000.00",
"currency": "USD"
},
"markedValue": "70201.19",
"offerMarkedValue": "30951.77",
"changeFromOffer": "39249.42",
"priceMultiple": "7.0201",
"priceChangePercent": "602.01",
"publicPriceChangePercent": "126.81",
"commonShareEquivalents": "257.931390",
"markDate": "2021-03-01",
"reviewedOn": "2026-09-17",
"stages": [
{
"id": "SNOW-G1",
"stage": "Private issuance price",
"date": null,
"dateRole": "purchase_date_unknown",
"price": "38.77",
"value": "10000.00"
},
{
"id": "SNOW-OFFER",
"stage": "IPO offer-price mark",
"date": "2020-09-18",
"dateRole": "offering_completion",
"price": "120.00",
"value": "30951.77"
},
{
"id": "SNOW-CLOSE-2021-03-01",
"stage": "Public closing-price mark",
"date": "2021-03-01",
"dateRole": "market_session_close",
"price": "272.17",
"value": "70201.19"
}
],
"evidence": {
"privateObservations": [
{
"id": "SNOW-G1",
"company": "Snowflake",
"date": "2020-02",
"dateRole": "reported_issuance_month",
"value": "38.77",
"currency": "USD",
"scope": "per_share_issuance_price",
"qualifier": "",
"shareClass": "Series G-1 preferred",
"source": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
"locator": "Item 5: February 2020 unregistered issuance; Notes 2 and 10",
"publisher": "SEC · Snowflake filing",
"verification": "primary_verified",
"checkedOn": "2026-09-17",
"supportingSources": []
},
{
"id": "SNOW-OFFER",
"company": "Snowflake",
"date": "2020-09-18",
"dateRole": "offering_completion",
"value": "120.00",
"currency": "USD",
"scope": "public_offer_price_per_share",
"qualifier": "",
"shareClass": "Class A common",
"source": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
"locator": "Item 5: Use of Proceeds",
"publisher": "SEC · Snowflake filing",
"verification": "primary_verified",
"checkedOn": "2026-09-17",
"supportingSources": []
}
],
"publicObservation": {
"id": "SNOW-CLOSE-2021-03-01",
"company": "snowflake",
"instrument_id": "SNOW-CLASS-A-NYSE",
"currency": "USD",
"value": "272.17",
"date": "2021-03-01",
"date_role": "market_session_close",
"price_basis": "as_reported_unadjusted_close",
"share_basis": "post_2018_split",
"share_class": "Class A common",
"source_id": "SNOW-2021-K",
"source_locator": "Cover: March 1, 2021 Class A closing price used for non-affiliate market value",
"value_status": "reported",
"verification": "primary_verified"
},
"conversion": {
"effective_date": "2020-09-18",
"preferred_to_common_factor": "1",
"listed_equivalent_factor": "1",
"from_class": "Seed / A / B / C / D / E / F / G-1 / G-2 preferred",
"to_class": "Class B common",
"listed_class": "Class A common",
"split_handling": "already_reflected_do_not_apply_again",
"source_ids": [
"SNOW-2021-K",
"SNOW-2021-PROXY"
],
"source_locators": [
"2021 Form 10-K Notes 10, 11 and 16",
"2021 proxy: Who can vote?"
],
"note": "Preferred converts 1:1 to Class B at the IPO. Class B becomes the same number of Class A shares on March 1, 2021. This models equivalent units, not holder-specific execution."
},
"publicBasisReview": {
"from_date": "2020-09-18",
"through_date": "2021-03-01",
"units_factor": "1",
"status": "reviewed_selected_endpoints",
"source_ids": [
"SNOW-2021-K",
"SNOW-2021-PROXY"
],
"source_locators": [
"2021 Form 10-K Notes 2, 10, 11, 16 and equity statement",
"2021 proxy: March 1, 2021 Class B/Class A conversion"
],
"note": "The 2018 split is already reflected. The March 2021 class conversion is 1:1; no additional split factor is applied through the selected close."
},
"restrictions": {
"status": "holder_eligibility_unknown",
"source_id": "SNOW-2021-K",
"source_locator": "Risk Factors: IPO lock-up release in March 2021",
"note": "The filing identifies a March 2021 lock-up release. It does not establish a particular holder’s right to sell at this March 1 closing price."
},
"sources": [
{
"id": "SNOW-2021-K",
"title": "2021 Form 10-K",
"url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
"published_on": "2021-03-31",
"publisher": "Snowflake · SEC filing",
"retrieved_on": "2026-09-17",
"verification": "primary_verified",
"publication_rights": "approved_for_public_use",
"production_approved": true,
"publication_review": {
"date": "2026-09-17",
"basis": "Attributed factual observations from SEC EDGAR public filings; no artwork or endorsement",
"policy_url": "https://www.sec.gov/about/webmaster-frequently-asked-questions"
}
},
{
"id": "SNOW-2021-PROXY",
"title": "2021 proxy statement",
"url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000111/snow-2021proxystatement.htm",
"published_on": "2021-05-27",
"publisher": "Snowflake · SEC filing",
"retrieved_on": "2026-09-17",
"verification": "primary_verified",
"publication_rights": "approved_for_public_use",
"production_approved": true,
"publication_review": {
"date": "2026-09-17",
"basis": "Attributed factual observations from SEC EDGAR public filings; no artwork or endorsement",
"policy_url": "https://www.sec.gov/about/webmaster-frequently-asked-questions"
}
}
]
},
"sourceIds": [
"SNOW-G1",
"SNOW-OFFER",
"SNOW-CLOSE-2021-03-01"
],
"purchaseDate": null,
"cagr": null,
"realizedProceeds": null,
"saleEligibility": "unknown",
"formula": "amount ÷ reviewed preferred issuance price × reviewed conversion factors × selected Class A closing price",
"assumptions": [
"Fractional share equivalents; no rounding until displayed.",
"Seed / A / B / C / D / E / F / G-1 / G-2 preferred converts to Class B common using 1:1; listed equivalents use 1:1.",
"No additional split or generic dilution deduction.",
"No holder-specific adjustment or extra securities."
],
"limitations": [
"Approximate share-equivalent model using the precision published by the issuer.",
"A historical table date or issuance month is not an exact purchase date. No annualized return.",
"Price-only mark, not total return: distributions, fees, tax and inflation are excluded.",
"No sale, allocation, lock-up exemption or ability to access proceeds is established.",
"Selected historical closes only; no daily curve, maximum drawdown or current quote.",
"Source checking does not clear commercial redistribution rights."
],
"timeline": [
{
"id": "SNOW-TABLE",
"date": "2020-01-31",
"kind": "private_snapshot",
"title": "Preferred-share table",
"note": "Snapshot date for Seed through F; not a purchase date.",
"source_id": "SNOW-2021-K",
"source_locator": "Note 10: preferred-share table"
},
{
"id": "SNOW-G-ISSUANCE",
"date": "2020-02",
"kind": "private_snapshot",
"title": "Series G-1 and G-2 issuance",
"note": "Reported issuance month at $38.77 per share; no exact purchase day.",
"source_id": "SNOW-2021-K",
"source_locator": "Item 5: Recent Sales of Unregistered Equity Securities"
},
{
"id": "SNOW-LISTING",
"date": "2020-09-16",
"kind": "listing",
"title": "Public trading begins",
"note": "Class A trading on NYSE; no first-day closing price is included.",
"source_id": "SNOW-2021-K",
"source_locator": "Item 5: Performance Graph"
},
{
"id": "SNOW-IPO",
"date": "2020-09-18",
"kind": "conversion",
"title": "IPO closes; preferred shares convert",
"note": "Offer price $120. Preferred converts to Class B on a one-for-one basis.",
"source_id": "SNOW-2021-K",
"source_locator": "Item 5; Notes 1 and 10"
},
{
"id": "SNOW-CLASS-CONVERSION",
"date": "2021-03-01",
"kind": "conversion",
"title": "Class B converts to Class A",
"note": "The number of shares is unchanged. Holder-specific selling restrictions remain unknown.",
"source_id": "SNOW-2021-K",
"source_locator": "Notes 11 and 16"
}
],
"timelineSources": [
{
"id": "SNOW-2021-K",
"title": "2021 Form 10-K",
"url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000073/snow-20210131.htm",
"published_on": "2021-03-31",
"publisher": "Snowflake · SEC filing",
"retrieved_on": "2026-09-17",
"verification": "primary_verified",
"publication_rights": "approved_for_public_use",
"production_approved": true,
"publication_review": {
"date": "2026-09-17",
"basis": "Attributed factual observations from SEC EDGAR public filings; no artwork or endorsement",
"policy_url": "https://www.sec.gov/about/webmaster-frequently-asked-questions"
}
},
{
"id": "SNOW-2021-PROXY",
"title": "2021 proxy statement",
"url": "https://www.sec.gov/Archives/edgar/data/1640147/000164014721000111/snow-2021proxystatement.htm",
"published_on": "2021-05-27",
"publisher": "Snowflake · SEC filing",
"retrieved_on": "2026-09-17",
"verification": "primary_verified",
"publication_rights": "approved_for_public_use",
"production_approved": true,
"publication_review": {
"date": "2026-09-17",
"basis": "Attributed factual observations from SEC EDGAR public filings; no artwork or endorsement",
"policy_url": "https://www.sec.gov/about/webmaster-frequently-asked-questions"
}
}
]
}BEHIND THE NUMBERS
What this scenario means for an investor.
This scenario applies the stated share prices and conversion assumptions to your chosen amount. The result is a hypothetical value, not a completed transaction.
- Your amount vs. the investment minimum
- Your amount sets the size of the illustration. It does not establish the minimum required to join that funding round.
- Access depends on the offering
- Investor eligibility and allocations depend on the offering’s terms. A recorded funding price does not mean everyone could invest at that price.
- Direct shares and fund units differ
- A direct share and a unit in a fund or investment vehicle can have different rights and costs. This scenario does not establish a specific investment route.
- A price is not a cash exit
- Lockups, transfer restrictions and available buyers can affect a holder’s ability to sell. The displayed value does not assume a sale.
EXPLORE THE OUTCOME
What happened after the IPO?
These historical marks do not describe the full price path. More dates appear only after their evidence is reviewed.
| Closing date | Class A price | Approx. value |
|---|---|---|
| Mar 1, 2021 (selected endpoint) | $272.17 | $70,201.19 |
Keep your research together. Save a journey to revisit its original numbers and sources.Open saved research →
UNDERSTAND YOUR RESULT
A clear bridge between share prices.
Amount ÷ private price × conversion factors × public close
Calculations retain full precision until display. All published decimal places are retained. Table snapshots and issuance months do not establish an exact purchase date. The result is a hypothetical price mark.
Which shares are being compared?
Seed through G-2 preferred map 1:1 to Class B, then 1:1 to Class A equivalents. The March 1, 2021 class conversion does not multiply the share count. This models equivalent units, not an actual holder’s conversion.
How are splits and dilution handled?
The November 2018 two-for-one split is already reflected in the filing prices. No second split or generic dilution deduction is applied.
Could an investor have sold at these prices?
The filing identifies a March 2021 lock-up release. It does not establish a particular holder’s right to sell at this March 1 closing price. Holder-specific terms, actual execution prices and cash proceeds are unknown.
Why is there no annualized return or continuous chart?
A table date or issuance month does not establish an exact purchase date. The available public closes are selected evidence points. They cannot establish an annualized private return, daily price history, maximum drawdown or a current value.
The events behind the numbers
6 dated milestonesPricing, trading and conversion happened on different dates. The filing publication date may be later than the event it describes; this is retrospective research.
- Private evidence
- Private evidence
Series G-1 and G-2 issuance
Reported issuance month at $38.77 per share; no exact purchase day.
Source & date details
Item 5: Recent Sales of Unregistered Equity Securities
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab) - Public listing
Public trading begins
Class A trading on NYSE; no first-day closing price is included.
Source & date details
Item 5: Performance Graph
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab) - Share conversion
IPO closes; preferred shares convert
Offer price $120. Preferred converts to Class B on a one-for-one basis.
Source & date details
Item 5; Notes 1 and 10
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab) - Share conversion
Class B converts to Class A
The number of shares is unchanged. Holder-specific selling restrictions remain unknown.
Source & date details
Notes 11 and 16
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab) - Public closing price
$272.17 public closing price
Reported Class A closing price. A historical mark does not establish a holder’s ability to sell.
Source & date details
Cover: March 1, 2021 Class A closing price used for non-affiliate market value
Published Mar 31, 2021 · Checked Sep 17, 2026
2021 Form 10-K (opens in a new tab)
Go deeper into the private evidence.
Read the original preferred-share observations and their limitations, or explore the coverage available for other companies.
Historical research preview · Sources checked Sep 17, 2026. No investment access is offered. Source checking does not establish investment availability or permission for commercial redistribution.