Snowflake has biggest US IPO for software company on record
Snowflake is valued in the IPO at more than $33bn and even lured Warren Buffett with Berkshire Hathaway committed to buying $250m worth of the company’s class A common stock
16 September 2020 - 17:13
New York/Seattle — All eyes are on cloud-data software maker Snowflake’s trading debut after it raised $3.36bn in the year’s biggest US initial public offering (IPO) for an operating company and the largest in software ever.
The California-based company is set to list on the New York Stock Exchange on Wednesday under the symbol SNOW. It sold 28-million shares on Tuesday for $120 a piece, above an already elevated range, according to a statement. The shares were marketed at $100 to $110 a piece, boosted from $75 to $85 earlier...
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