Name: Cloud company Snowflake raises IPO price range to $100 to $110 vs. prior $75 to $85
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Cloud company Snowflake raises IPO price range to $100 to $110 vs. prior $75 to $85

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Cloud company Snowflake Inc.raised the proposed price range for its initial public offering on Monday to $100 to $110, up from a prior $75 to $85. The company is planning to offer 28 million shares to raise up to $3.08 billion. The company has applied to list on the New York Stock Exchange under the ticker 'SNOW.' There are 23 banks underwriting the deal led by Goldman Sachs and Morgan Stanley. Proceeds will be used for general corporate purposes, including potential acquisitions. "We believe in a data connected world where organizations have seamless access to explore, share, and unlock the value of data. To realize this vision, we are pioneering the Data Cloud, an ecosystem where Snowflake customers, partners, and data providers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways," the company says in its prospectus.The U.S. consumer price index for August comes Tuesday, ahead of the Federal Reserve's next monetary policy meeting on Sept. 20-21.SearchVisit a quote page and your recently viewed tickers will be displayed here.Search TickersNo results found

Cloud company Snowflake Inc.raised the proposed price range for its initial public offering on Monday to $100 to $110, up from a prior $75 to $85. The company is planning to offer 28 million shares to raise up to $3.08 billion. The company has applied to list on the New York Stock Exchange under the ticker 'SNOW.' There are 23 banks underwriting the deal led by Goldman Sachs and Morgan Stanley. Proceeds will be used for general corporate purposes, including potential acquisitions. "We believe in a data connected world where organizations have seamless access to explore, share, and unlock...

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Cloud company Snowflake raises IPO price range to $100 to $110 vs. prior $75 to $85

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