Silicon Valley darling Snowflake Inc. priced its initial public offering above its expected range on Tuesday, joining a frenzied IPO market as the biggest technology issue so far this year.
The IPO priced at $120 a share, a person familiar with the matter said. The price was driven above Snowflake’s target range of $100 to $110 by investors hungry for a piece of the fast-growing company, which offers businesses cloud-based data management.
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