• Snowflake explodes 166% higher on first day of trading after biggest IPO of 2020

    8 days ago - By Business Insider

    Mario Tama/Getty Images
    Cloud-data unicorn Snowflake rocketed as much as 166% higher after making its public market debut on Wednesday. The company raised $3.4 billion in its initial public offering, marking the biggest-ever software IPO and the biggest offering of the year. Snowflake's IPO caught investor attention earlier in the month after legendary investor Warren Buffett pledged to invest more than $550 million in the company once it went public. Visit the Business Insider homepage for more stories. Shares of cloud-data startup Snowflake spiked as much as 166%, to $310 per share, on...
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