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The Investors Scoring Big On Snowflake's Record-breaking Po

by businessinsider.com posted 1week ago 39 views
Summary List Placement The highly anticipated Snowflake IPO did not disappoint. On Wednesday, it broke records with the biggest-ever public debut for a software company. The company raised $3.4 billion by pricing shares at $120. And when the bell rang, public investors went crazy for the stock. At one point, shares spiked up 165% to $318.37, before trading was temporarily halted. Shares settled down to over $260 by afternoon and closed the day at $253.93. At that share price, Snowflake finished day one with a valuation of over $70 billion, leaving a trail of multibillion-dollar investors in its wake.

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