Snowflake skyrockets to largest software IPO, valuation $70 billionChristian Fernsby ▼ | September 16, 2020
Shares of Snowflake more than doubled on their first day of trading in the biggest software IPO ever.
The company sold 28 million shares and raised nearly $3.4 billion from the IPO.
At its closing price of just under $254, Snowflake is valued at $70 billion.
That makes Snowflake, which was founded in 2012, worth more than established companies like Bank of New York Mellon. ■