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Snowflake Set to Trade In Biggest U.S. IPO This Year (3)

Sept. 16, 2020, 2:45 PM

All eyes are on cloud-data software maker Snowflake Inc.’s trading debut after it raised $3.36 billion in the year’s biggest U.S. initial public offering for an operating company and the largest in software ever.

The San Mateo, California-based company is set to list on the New York Stock Exchange on Wednesday under the symbol SNOW. It sold 28 million shares Tuesday for $120 apiece, above an already elevated range, according to a statement. The shares were marketed at $100 to $110 apiece, boosted from $75 to $85 earlier.

The listing ranks as the biggest U.S. IPO this year, ...

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