Red-hot IPO market sends Snowflake surging and JFrog leaping, with more software companies to come

Snowflake Inc. and JFrog Inc. produced a hot start Wednesday to the busiest week for initial public offerings in more than a year.

The action in Snowflake shares leading up to and including their debut Wednesday showed extraordinary demand. After originally filing for an IPO less than a month ago, Snowflake declared an expected price range of $75 to $85 a share last week. On Monday, the San Mateo, Calif., software company dramatically increased that range to $100 to $110 a share, then it priced higher than that target Tuesday.

Snowflake was not the only software company to debut Wednesday on Wall Street with smashing success. JFrog Ltd. FROG, which makes software that developers use to make other pieces of software, followed a similar track of raising its price range, pricing above its range and seeing the shares pop healthily in their debut. JFrog fell back a bit from its opening price, but still gained 47.3% from the IPO price to close at $64.79, which values the company at more than $5.7 billion.

𝗰𝗵𝗮𝗻𝗴𝗲𝗱 𝗺𝘆 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝗶𝘁𝘂𝗮𝘁𝗶𝗼𝗻 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 Stock 𝘁𝗿𝗮𝗱𝗶𝗻𝗴,𝗴𝗼𝘁 𝗺𝗲 𝗼𝘂𝘁 𝗼𝗳 𝗱𝗲𝗯𝘁𝘀 𝗮𝗻𝗱 𝗼𝘁𝗵𝗲𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗺𝗲𝘀𝘀.𝗠𝗮𝗱𝗲 $12𝗸 𝗶𝗻 𝗮 𝘄𝗲𝗲𝗸𝘀 𝗮𝗹𝗹 𝗶 𝗱𝗶𝗱 𝘄𝗮𝘀 𝗶𝗻𝘃𝗲𝘀𝘁 𝗱𝗺 𝗵im 𝘁𝗼𝗱ay stock_income_

Amazing!

kuku27 Past, performance, expectations, prospects , future gains, much else depends on various factors. price jump is beyond understanding

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