range it estimated on Monday, and a huge bump from the $75 to $85 range it proposed last week.
Snowflake was worth $70.4 billion at the end of trading, more than five times its $12.4 billion valuation in February. "A stock is worth exactly what somebody wants to pay for it," CEO Frank Slootman told CNBC just after the stock began trading. "It's like talking about the weather, it is what it is. Tomorrow's another day, we'll see what it brings."
The company raised more $3 billion based on its opening price, the most ever for a software company. The stock trades under the symbol SNOW. Investors had anticipated a blockbuster opening for the company, which is generating over $500 million in annualized revenue and
NYSE Dot-com bubble crash 2 is incoming fast ...
NYSE
NYSE On the graphics and ticker can you say it as Snowflake Inc
NYSE Then everyone BTFD... 🤫
Awesome!!! God bless America and God bless Capitalism
IPO Poorflakes slumped in its debut
You all sound like a bunch of snowflakes complaining about this! It is completely normal!
CNN’s Kaitlin Collins obsesses over masks when the cameras are on, but when she thinks they’re off, off comes her mask!
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