Snowflake shares made their debut at $245, more than double the initial offering price, giving the biggest tech IPO of the year a valuation of $67.9 billion
Snowflake Inc.’s shares made their debut at $245 a share on their first day of trading, more than double the IPO price, giving the biggest tech initial public offering of the year a valuation of $67.9 billion and fueling the enthusiasm surrounding IPOs.
The data-warehousing company priced its IPO of 28 million shares at $120 a share on Tuesday. Wednesday’s ascent means the company is now valued at more than five times the $12.4 billion valuation it notched in a private funding round in February of this year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Snowflake's stock enjoys red-hot open, with first trade more than double the IPO priceShares Snowflake Inc. undefined enjoyed a red-hot start to their public life Wednesday, as the first trade was 104.2% above its initial public offering...
Read more »
JFrog's stock debut's with a 62% leap above its IPO priceJFrog Ltd.'s stock undefined started its public life by taking a big leap higher, as it opened 62.0% above its initial public offering price. The first trade...
Read more »
Snowflake bumps expected IPO price by about 30%, could debut at more than $30 billion valuationAt the midpoint of the new estimated price range, Berkshire Hathaway's total stake in Snowflake after the IPO would be valued at $674.4 million.
Read more »
Snowflake is about to make its market debut in the largest ever software IPOSnowflake is growing alongside the major public cloud vendors by providing technology that allows clients to quickly analyze and share vast amounts of data and increase capacity as needed, rather than relying on databases that are tied to hardware.
Read more »
Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
Mike Santoli's market notes: Dip buyers are back, Tesla up 19% in 2 days, IPO feverPre-Fed upward drift, dip-buyers emboldened by the lack of any macro stress, and the resurgence of hot-money are keeping things green for now.
Read more »