Snowflake more than doubles in market debut, largest ever software IPO

range it estimated on Monday, and a huge bump from the $75 to $85 range it proposed last week.

Snowflake was worth $70.4 billion at the end of trading, more than five times its $12.4 billion valuation in February. "A stock is worth exactly what somebody wants to pay for it," CEO Frank Slootman told CNBC just after the stock began trading. "It's like talking about the weather, it is what it is. Tomorrow's another day, we'll see what it brings."

The company raised more $3 billion based on its opening price, the most ever for a software company. The stock trades under the symbol SNOW. Investors had anticipated a blockbuster opening for the company, which is generating over $500 million in annualized revenue and

NYSE Dot-com bubble crash 2 is incoming fast ...

NYSE

NYSE On the graphics and ticker can you say it as Snowflake Inc

NYSE Then everyone BTFD... 🤫

Awesome!!! God bless America and God bless Capitalism

IPO Poorflakes slumped in its debut

You all sound like a bunch of snowflakes complaining about this! It is completely normal!

CNN’s Kaitlin Collins obsesses over masks when the cameras are on, but when she thinks they’re off, off comes her mask!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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🚀
Source: CNBC - 🏆 12. / 72 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.
Source: CNBC - 🏆 12. / 72 Read more »