TROW - Databricks UiPath IPOs on blockbuster watch after massive funding rounds

In February 2020, Snowflake (SNOW) raised $479M in a private funding round at a $12.4B valuation. Seven months later, Snowflake launched the largest software IPO in history at a $33B valuation. Shares closed last week at $306.05 which is about 155% above the $120 IPO price. Investors are looking for the next Snowflake. And two tech companies that received massive late-stage funding rounds last week are on watch ahead of their potential 2021 IPOs.Snowflake competitor Databricks raises $1B from Amazon MicrosoftThat late-stage funding has investors wondering if two other tech companies that received huge investments last week couldIn October, Bloomberg sources said cloud data platform was talking to banks about going public as early as H1 2021. The sources said the offering would be valued "significantly higher" than the $6.2B valuation during its last funding round in 2019.Last week, Databricks' valuation shot up to $28B after a whopping $1B funding round that included tech giants Amazon (AMZN),

For further details see:

Databricks, UiPath IPOs on blockbuster watch after massive funding rounds