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

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Tech tools developer JFrog leaps 62% after raising $509 million in upsized IPO - 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.
ソース: BusinessInsider - 🏆 729. / 51 続きを読む »

Snowflake more than doubles in market debut, largest ever software IPOThe cloud software company was worth $67.94 billion at its $245 opening price, more than five times its $12.4 billion valuation in February.\n\n CNN’s Kaitlin Collins obsesses over masks when the cameras are on, but when she thinks they’re off, off comes her mask! You all sound like a bunch of snowflakes complaining about this! It is completely normal! IPO Poorflakes slumped in its debut
ソース: CNBC - 🏆 12. / 72 続きを読む »

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.
ソース: CNBC - 🏆 12. / 72 続きを読む »