(SNOW) arrived in the public market today in breathtaking fashion, instantly becoming one of the stock market’s most expensive stocks, as investors bet heavily on the cloud-based data software company’s ability to maintain what has been astonishing growth. Snowflake (SNOW) on Tuesday night priced an offering of 28 million shares at $120 each, above the recently increased target range of $100 to $110 a share. Huge demand for the shares has made it difficult for the underwriting group, led by Goldman Sachas and (MS) to open the shares. Read More...
(SNOW) arrived in the public market today in breathtaking fashion, instantly becoming one of the stock market’s most expensive stocks, as investors bet heavily on the cloud-based data software company’s ability to maintain what has been astonishing growth. Snowflake (SNOW) on Tuesday night priced an offering of 28 million shares at $120 each, above the recently increased target range of $100 to $110 a share. Huge demand for the shares has made it difficult for the underwriting group, led by Goldman Sachas and (MS) to open the shares.
