Keen investor interest in Snowflake's initial public offering (IPO) has driven up the proposed stock price higher for the second time in just a week, according to multiple reports. The data warehouse management company initially priced the shares for its public debut in a range of $75-$85, but just days later, increased the range to $100-$110. Snowflake has reportedly raised its stock price to $120, an increase of 50% from the mid-range of its original proposal. Read More...
Substantial Interest Pushes Stock Price Higher in Snowflake IPO
Keen investor interest in Snowflake’s initial public offering (IPO) has driven up the proposed stock price higher for the second time in just a week, according to multiple reports. The data warehouse management company initially priced the shares for its public debut in a range of $75-$85, but just days later, increased the range to $100-$110. Snowflake has reportedly raised its stock price to $120, an increase of 50% from the mid-range of its original proposal.
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