Wednesday, September 23, 2020

Snowflake’s Inventory Value Soars in IPO

Snowflake Inc.’s shares skyrocketed on their first day of buying and selling, giving the most important tech IPO of the 12 months a valuation of roughly $75 billion and feeding the latest bout of enthusiasm round preliminary public choices.

Shares of the data-warehousing firm lately traded at $269.06, greater than double their IPO value of $120 and greater than triple what the corporate initially focused per week in the past for its providing. Simply after the inventory opened, it traded as excessive as $319. Wednesday’s ascent means the corporate is now valued at greater than…

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