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.
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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »
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 »