Berkshire Hathaway and Warren Buffett are making surprising moves this year.
They've invested in a gold miner, Japanese trading houses and now the IPO of a SaaS business in Snowflake.
Snowflake's business has several characteristics that Buffett traditionally gravitates towards.
At 40x sales, it is still a bet that seems highly out of character.
Snowflake released its S-1 and will IPO with the ticker SNOW. The company was founded in 2012. It is the second-fastest growing SaaS company at the time of IPO. It is the No. 3