Snowflake IPO: Stock price more than doubles on first day of trading

Snowflake IPO: Stock price more than doubles on first day of trading

3 years ago
Anonymous $rxtAWepgzY

https://www.siliconvalley.com/2020/09/16/snowflake-ipo-stock-price-more-than-doubles-on-first-day-of-trading/

(CNN) — There was a blizzard on Wall Street Wednesday. Shares of Snowflake, the San Mateo-based cloud data warehousing firm, saw their price more than double on their first day of trading in the biggest software IPO ever.

Snowflake priced its initial public offering Tuesday night at $120 a share — well above the expected range of $100 to $110. That price range was revised upward from the original expectation of $75 to $85 a share earlier this month. It now trades on the NYSE under the ticker symbol “SNOW.”