Keep this result and its source evidence in your account.
Illustrative paper value. Historical investment minimums and your eligibility are not verified. Excludes fund fees, carried interest, taxes and distributions; no sale is assumed.
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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.
See the data, sources & calculation
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.
Published price precision is retained in calculations. A filing snapshot is not necessarily the investment date. These selected companies and stages do not represent typical private-market results; investments can lose their entire value.
Detailed share worksheet & downloadable receiptOptional controls for a closer look at the same evidence.
FILING-BASED IPO CASE STUDY
Follow the share, not the headline.
Translate a preferred-share issuance price into an approximate IPO offer-price mark. The filing supplies the prices; the conversion assumption stays visible.
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.
Approximate model using published filing prices and the reviewed conversion factor. Not realized proceeds, a current value or proof that you could invest at these terms. Fees, taxes, preferences and individual selling restrictions are not modeled.
Nine reviewed preferred series let you compare entry prices while keeping the IPO endpoint fixed.
02
The endpoint matters
$120.00 per share at the historical IPO offering. An offer-price mark is not an executed sale. You can also enter a public price within the reviewed date window.
03
Read it realistically
Your amount is hypothetical. The evidence does not establish your investment minimum, eligibility or ability to sell.
Company at a glance & business milestonesA cloud data business with several entry points.
Snowflake’s cloud platform lets organizations consolidate, analyze and share data.
Origins
Founded in 2012
Industry
Cloud data
Calculation coverage
2020 private evidence–2021 public close
Snowflake first offered its platform for sale in 2014. Its fiscal 2021 filing describes consumption-based pricing: customers pay for resources used. The same filing contains the preferred-share evidence behind the calculator.
Issuer filing ↗ · Business overview; limited operating history risk; market for common equity.
Historical context reviewed Sep 19, 2026. Business milestones are separate from the financial observations used by the calculator.
Compare the supported funding stagesA fixed $10,000 illustration makes the entry points easier to compare.
Selected reviewed stages, not a complete fundraising history. The same hypothetical amount is used in every row. Private investments can lose all their value.
Each row applies that series’ reviewed split and conversion treatment. No sale, fees or taxes are assumed.
What investors faced & what remains unknownAccess, share terms, risks and the limits of this research.
Context to keep in mind
The filing identifies customer consumption and the ability to achieve profitability as business uncertainties. Growth in usage is distinct from a guaranteed shareholder outcome.
CTM interpretation of the linked history and financing evidence; not a complete risk assessment.
What the evidence 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.
Investment minimum
Not verified for these historical entries
Actual access and allocation
Not established
Realized sale proceeds
Not calculated
Full funding history
Not yet compiled; this is selected coverage
What additional research would unlock
Additional rounds need their own issuance evidence, share-basis review and conversion terms before they can become calculator choices.
There are no daily private-market prices between these observations. We do not fill the gaps with an invented curve. Investment returns require the specific security, entry terms, dilution and an actual exit or appropriate mark.