Snowflake Inc.

Snowflake Inc. (SNOW) priced its initial public offering on Sep 16, 2020 at $120.00 per share, above its $75.00–$85.00 range, raising $3.36B, and listed on NYSE. At the IPO price its market capitalization was about $33.2B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, J.P. Morgan and Allen & Company and others. Cooley advised the company and Goodwin Procter advised the underwriters.

Snowflake Inc. was founded in 2012 and first offered its cloud platform for sale in 2014. Customers pay based on their consumption of compute, storage and data transfer resources used together on the platform.

Status

IPO

Ticker

SNOW

Exchange

NYSE

Priced

Sep 16, 2020

IPO price

$120.00

Price range

$75.00–$85.00

Raised

$3.36B

Market cap at IPO price

$33.2B

First filed

Aug 24, 2020

Underwriters

Goldman Sachs, Morgan Stanley, J.P. Morgan, Allen & Company, Citigroup, Credit Suisse, Barclays, Deutsche Bank, Mizuho, Truist, BTIG, Canaccord Genuity, Capital One, TD Cowen, D.A. Davidson, Citizens JMP, Oppenheimer, Piper Sandler, Stifel, Academy Securities, Loop Capital, Ramirez & Co. and Siebert Williams Shank

Company counsel

Cooley

Underwriters' counsel

Goodwin Procter

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.