Snowflake’s record-breaking IPO put $41 billion into the coffers of these 5 investors at the end of its first day of trading

The highly anticipated Snowflake IPO did not disappoint. On Wednesday, it broke records with the biggest-ever public debut for a software company.

The company raised $3.4 billion by pricing shares at $120. And when the bell rang, public investors went crazy for the stock. At one point, shares spiked up 165% to $318.37, before trading was temporarily halted. Shares settled down to over $260 by afternoon and closed the day at $253.93. At that share price, Snowflake finished day one with a valuation of over $70 billion, leaving a trail of multibillion-dollar investors in its wake.

So, which investors won big in this IPO? Business Insider put together a list of the largest venture shareholders as disclosed by the company. By day’s end, their stakes were collectively worth nearly $41.18 billion.

And, just for fun, we calculated an estimated value of their funds’ stakes based on the closing price of Day 1 and rooted out what they likely paid for at least some of their stake through private fundraising, based on stock prices disclosures made by the company in its prospectus.

Of course, investors are subject to a lock-up period and time will tell whether share prices for Snowflake will hold by the time these investors are allowed to sell.

Take a look at which investors gained the most from Snowflake’s spectacular IPO. There were no small fish in this pond.