Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020 - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020

Shares of cloud-data startup Snowflake spiked as much as 166%, to $310 per share, on its first day of public-market trading. Trading in the stock was halted shortly after opening due to volatility.

The company debuted on the New York Stock Exchange after raising $3.4 billion in its Wednesday initial public offering. The haul cemented Snowflake as the largest software IPO ever and the biggest share sale of 2020. The firm sold 28 million shares at $120 each, pricing the stock above its previous range amid strong investor demand. Snowflake's trading debut garnered Wall Street enthusiasm earlier in the month after legendary investor Warren BuffettSnowflake trades under the ticker SNOW. Shares traded roughly 130% higher, at $283.19, as of 12:47 p.m. ET Wednesday.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

IPO initial ranges: 1. $75,00 - $85 2. $120,00 3. $215,00 SnowflakeIPO

No thanks

Crazy

Invest in bitcoin today and make over $2000 weekly with just $200

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Inside Balyasny's training program for hedge fund portfolio managers - 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.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Inside Citi's exec shakeup — Chime's latest round — Buy now, pay later's future - 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.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Inside the real reasons behind Mike Corbat's early retirement - 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. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Inside the life of an Uber driver in NYC during COVID-19 - 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.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Snowflake prices IPO above increased range, implying initial market cap of $33.3 billionAfter boosting the price range for its highly-anticipated IPO to between $100 and $110, Snowflake is selling shares at an even higher price of $120. Perfect for those snowflake millennials on Robinhood. CEO Adam Brimo talks at ASX conference, all about OpenLearning=ASX$OLL OpenLearning Ltd ASX:OLL Has partnered with some of the major universities. Partnerships that could become the cornerstone of a much bigger arrangement. Motley fool article on OpenLearning=ASX$OLL🚀
La source: CNBC - 🏆 12. / 72 Lire la suite »