Snowflake prices IPO above increased range, implying initial market cap of $33.3 billion

  • 📰 CNBC
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 72%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

After 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.

each agreed to buy $250 million of stock at the IPO price in a concurrent private placement. Berkshire Hathaway also agreed to buy 4.04 million shares in a secondary transaction from former CEO Bob Muglia. Based on the IPO price, Berkshire will be paying $484.8 million for those shares.

Snowflake is entering a market that's hungry for high-growth cloud software makers, particularly those that have shown an ability to continue expanding through the coronavirus pandemic. Even after pulling back this month, the BVP Nasdaq Emerging Cloud Index, consisting of over 50 publicly traded companies, is up about 55% this year, compared to a 25% gain for the Nasdaq and 5.3% advance in the S&P 500.

Zoom's stock is up over 500% in 2020, and Fastly has jumped more than 300%. DocuSign, Shopify and Datadog have more than doubled.

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 12. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Nancy Pelosi IS the true snowflake ipo

The potential of online learning for adults: Early lessons from the COVID-19 crisis

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🚀

OpenLearning=ASX$OLL Half year results🚀🚀🚀

Look at the current chart's for OpenLearning=ASX$OLL My opinion is🤔OpenLearning is in the very bullish region now and has broken out into a new higher trend and looks to be going 🚀🚀🚀🚀🚀

Too expensive already

FireJimCramer! BoycottCNBC!

Perfect for those snowflake millennials on Robinhood.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

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. Pro When does Cramer get fired? Pro Fire Cramer. NOW! Pro Fire Jim Cramer. He would have never said this to a man.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

IPO market gears up for busiest week since May 2019 — when Uber went public — with 12 deals on tapThe IPO market is gearing up for its busiest week since May of 2019 -- that was Uber's IPO week. Here's everything you need about the 12 companies that are expected to raise $6.8 billion. Crazy valuation! Check out my Gig on Fiverr: Do You Want To Make 3d Animated Logo Intro Video In $5 ? Contact Me : Logo Animation 3D Logo Animation Top Logo Animation Best Logo Animation No thanks
Fonte: MarketWatch - 🏆 3. / 97 Leggi di più »