How the Coronavirus will affect Bay Area Housing Market

We use snowflake. It became a running joke that anytime a problem was mentioned the solution was snowflake. One cool thing is you can store data as text files in EC2 which is dirt cheap. Snowflake creates an index of the header info, and then you can write SQL type queries which aggregate the results across all the text files. That’s a crazy efficient and cheap for certain use cases.

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Snowflake is yet another Bay Area tech company not based in Austin.

Doesn’t matter where it is based. SWEs are working from Austin :slight_smile:

@manch Still living in the past? Everybody is talking about WFH or remotely from Austin. Not out of state, different issues. National Security :scream: :face_with_symbols_over_mouth: :face_with_symbols_over_mouth:

All this year’s Bay Area life science IPOs have soared, including Friday’s

Life science IPOs continue to shine in the Bay Area, with the shares of the second one this week soaring after it hit the top of its target range and sold more shares than planned.

South San Francisco-based Applied Molecular Transport Inc. raised $154 million by offering 11 million shares at $14. It planned to sell 10 million shares for between $12 and $14.

Its shares opened at $26 when it started trading on Nasdaq with the symbol of “AMTI.” It started the day with a market cap of $440 million but quickly rose above $600 million when trading began.

The company set aside 1.5 million shares for underwriters in the IPO, to the amount raised is likely to eventually to $165 million.

Applied Molecular is the fifth life science IPO of 2020 from the region, a year when there hasn’t been a tech IPO yet. Three others have come as “blank check” offerings, raising money for future reverse IPOs for as-yet unspecified companies.

Another local biotech IPO, from Foster City-based Vaxcyte Inc., is expected later this month. It hopes to raise up to $100 million, but that is a preliminary figure and likely to change when it sets price targets ahead of the offering.

All of the previous life science IPOs from the region this year have performed quite well on Wall Street so far.

San Francisco-based One Medical clinic operator 1Life Healthcare Inc. and South San Francisco-based ORIC Pharmaceuticals Inc. both closed Thursday at more than 125% above their opening day prices. Redwood City-based Revolution Medicines Inc. is up by about 94%.

The other one that went public this week, South San Francisco-based Pliant Therapeutics Inc. closed Thursday about 67% above its offering price from Wednesday.

Applied Molecular Transport has raised nearly $100 million in funding in the 10 years since it was founded. Two San Francisco-based investors — Epiq Capital and Founders Fund — own nearly 47% of its pre-IPO stock.

Its lead candidate is AMT-101, a fusion protein for the potential treatment of ulcerative colitis and Crohn’s disease. It has completed a Phase 1b trial for ulcerative colitis, and the company plans to start Phase 2 trials either this year or next year.

https://www.bizjournals.com/sanjose/news/2020/06/05/applied-molecular-transport-hits-top-of-ipo-target.html

Another biotech IPO based in Bay Area not Austin. :+1:

Highlighted the important part for you.

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boom

Oakland… not Austin.

You are trolling @hanera aren’t you?

:rofl:

I enjoy adding some fuel to the lover’s quarrel between you two.

:wink:
:laughing:

lol I’m not moving to Austin just to WFH. I’m from Texas, there’s a reason I’m living in Bay Area now.

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@britt522

Where in Texas?

Time has changed.

30 years SV.

Now is 30 years Austin. Not Dallas. Not Houston. Definitely not sugar land. May be San Antonio.

Btw, you are not staying in 7x7 :poop:

Biotech is all in SSF. Common knowledge.

You still don’t get it? Inventory is rising in 7x7, prices and rents are tumbling :scream:

Checkout Austin :grinning:

Your theory of startups lead to RE prices/ rents are turned upside down.

An anonymous survey of 4,400 tech workers, conducted by Blind, found that two-thirds of employees would consider leaving the Bay Area if they had the option to work remotely, as reported by Business Insider.

2 out of 3 :scream:

San Francisco saw its biggest dip in rental prices in three years with a 9.2% decline in May.

7x7 :-1:

“There’s a mad rush to get out of the city,” Ginger Martin

Who want to stay in poops and needles, and live amongst rioters?

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I consider being a billionaire everyday.

Formed a chip team in Austin.

Plan to open the biggest factory in Tesla history, Terafactory in Austin.

Plan to close down the Fremont factory.

Plan to move HQ out of California.

Wait for the announcement, you only believe when it happened which is not the ideal time to take action. Anticipate !

SF-based

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