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Why it was one to watch: Snowflake's IPO was the most highly anticipated of all the enterprise software stocks going public in September. The company's revenues are growing quickly and investor demand appears high, reflected in Snowflake's raising its pricing range for the IPO. Whether it can maintain its higher pricing level will be a test for the stock.  

IPO Debut: The IPO was priced at $120 a share on Sept. 15. It started trading Sept. 16, opening at $245 and gaining 112% over its IPO price on its first day.

Type: IPO

S-1: Found here.

Articles & Briefs
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President Trump at a news conference on Friday. Photo by Bloomberg
President Trump. Photo by Bloomberg.

What TikTok’s Future Might Look Like Under Oracle and Walmart: The Information’s Tech Briefing

By The Information Staff · Sept. 17, 2020 6:01 PM PDT

ByteDance’s hopes of getting President Trump’s approval for its proposed deal with Oracle appear to be dwindling by the day, judging by the blizzard of media reports about the debate going on inside the Trump administration. That raises the prospect that ByteDance will have to accept a less favorable deal by yielding control of the ...

Snowflake CEO Frank Slootman. Photo by Snowflake

Snowflake Stock More Than Doubles on First Day

Sept. 16, 2020 · 10:05 AM PDT

Snowflake is the hottest one of a group of five enterprise software stocks going public this month.
Briefing Markets Cloud

Snowflake Prices IPO at $120 Per Share

Sept. 15, 2020 · 4:28 PM PDT

The IPO, which would be the largest-ever for software, will value Snowflake at over $33 billion.
From left: Snowflake's Frank Slootman, Palantir's Alexander Karp and Asana's Dustin Moskovitz. Photos by Snowflake, Bloomberg and Julie Mikos.
Apple CEO Tim Cook appearing by videoconference before the House Judiciary Committee in July. Photo by Bloomberg
Snowflake CEO Frank Slootman. Photo by Snowflake
Facebook's Mark Zuckerberg testifying remotely at a House Judiciary Subcommittee hearing in July. Photo by Bloomberg
Briefing Cloud Amazon

Snowflake Reveals Rapid Sales Growth in IPO Filing

Aug. 24, 2020 · 2:45 PM PDT

Snowflake, which was valued at $12.4 billion after its last funding in February, says it has signed up 146 of the Fortune 500 as customers.
Asana co founders Dustin Moskovitz and Justin Rosenstein. Photo by AP
Ali Ghodsi, CEO of Databricks. Image: Databricks
Snowflake CEO Frank Slootman. Photo by Snowflake
Facial recognition technology being demonstrated at a conference in China last year. Photo by Bloomberg
Briefing Cloud Google

Database Startup Snowflake Files Confidentially for IPO

June 9, 2020 · 12:20 PM PDT

Snowflake, which has raised $1.4 billion, is looking to tap into the growing usage of cloud services during the Covid-19 pandemic.
Microsoft CEO Satya Nadella. Photo by Bloomberg
Briefing Cloud Enterprise

Startup Snowflake’s Valuation More Than Triples After New Funding

Feb. 10, 2020 · 12:03 PM PST

New $479 million funding round was led by new investors Salesforce Ventures and Dragoneer Investment Group.
Zoom Video CEO Eric Yuan on the day Zoom went public on the Nasdaq market last April. Photo by Bloomberg