Snowflake (SNOW) Prices 28M Class A Share IPO at $120/Sh

Snowflake (NYSE: SNOW), the cloud data platform, today announced the pricing of its initial public offering of 28,000,000 shares of Class A common stock at a price to the public of $120.00 per share.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “SNOW” on September 16, 2020, and the offering is expected to close on September 18, 2020, subject to customary closing conditions. In addition, Snowflake has granted the underwriters a 30-day option to purchase up to 4,200,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Allen & Company LLC, and Citigroup are acting as lead book-running managers for the offering. Credit Suisse, Barclays, Deutsche Bank Securities, Mizuho Securities, and Truist Securities are acting as book-running managers, and BTIG, Canaccord Genuity, Capital One Securities, Cowen, D.A. Davidson & Co., JMP Securities, Oppenheimer & Co., Piper Sandler, Stifel, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., and Siebert Williams Shank are acting as co-managers for the offering.

The offering is being made only by means of a prospectus.

You May Also Be Interested In

• Holtec Nuclear Corporation files for initial public offering
• Healthcare Triangle, Inc (HCTI) files for 28M share offering by selling stockholders
• DA Davidson Starts AGCO Corporation (AGCO) at Buy