Has a little
“French Touch” air been
blowing on Wall Street for some time?
Originally created by two French people, the technology company Snowflake has just succeeded in the most important of 235 IPOs of the year on the New York Stock Exchange.
In less than a week of listing, it has already doubled its price and its valuation is flirting with $ 70 billion!
Even Wall Street's most famous investor, Warren Buffet and his company Berkshire Hathaway, known for his aversion to young tech companies, wanted to be.
Read also:
Snowflake: two French people set fire to the New York Stock Exchange
Just a year ago, another technological nugget co-founded by two other Frenchmen, Datadog, made a thunderous entry into the Nasdaq.
Valued at nearly $ 10 billion on the first day of its listing, it is now worth three times as much.
Maturity curve
Before them, the biotechnology company Moderna Therapeutics, headed by Stéphane Bancel, had set out to conquer the American stock market at the end of 2018. The company is working on use
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