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Snowflake prices IPO at $120 a share – Fox Business


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Snowflake prices IPO at $120 a share – Fox Business

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…

Snowflake prices IPO at $120 a share - Fox Business thumbnail

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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