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.
๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ ๐บ๐ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐๐ถ๐๐๐ฎ๐๐ถ๐ผ๐ป ๐๐ต๐ฟ๐ผ๐๐ด๐ต Stock ๐๐ฟ๐ฎ๐ฑ๐ถ๐ป๐ด,๐ด๐ผ๐ ๐บ๐ฒ ๐ผ๐๐ ๐ผ๐ณ ๐ฑ๐ฒ๐ฏ๐๐ ๐ฎ๐ป๐ฑ ๐ผ๐๐ต๐ฒ๐ฟ ๐ณ๐ถ๐ป๐ฎ๐ป๐ฐ๐ถ๐ฎ๐น ๐บ๐ฒ๐๐.๐ ๐ฎ๐ฑ๐ฒ $12๐ธ ๐ถ๐ป ๐ฎ ๐๐ฒ๐ฒ๐ธ๐ ๐ฎ๐น๐น ๐ถ ๐ฑ๐ถ๐ฑ ๐๐ฎ๐ ๐ถ๐ป๐๐ฒ๐๐ ๐ฑ๐บ ๐ตim ๐๐ผ๐ฑay 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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