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Snowflake Shares Exceed 115 Percent Of List Price in Record-Breaking IPO

2 mins
Updated by Kyle Baird
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In Brief

  • Snowflake has become the biggest-ever software IPO with a market cap exceeding $70 billion.
  • Shares of the big data startup more than doubled the IPO list price of $120.
  • Following the smashing success of the listing, co-founder Benoit Dageville, ex-CEO Bob Muglia, and current CEO Frank Slootman are now billionaires.
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David Hundeyin
David is a journalist, writer and broadcaster whose work has appeared on CNN, The Africa Report, The New Yorker Magazine and The Washington Post. His work as a satirist on 'The Other News,' Nigeria's answer to The Daily Show has featured in the New Yorker Magazine and in the Netflix documentary 'Larry Charles' Dangerous World of Comedy.' In 2018, he was nominated by the US State Department for the 2019 Edward Murrow program for journalists under the International Visitors Leadership...
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