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News Report

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

2 mins
Updated by Kyle Baird

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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