Better Hot IPO Stock: Snowflake vs. JFrog
Snowflake (NYSE: SNOW) and JFrog (NASDAQ: FROG), which both started trading on Sept. 16, dazzled investors with their big post-IPO gains.
Snowflake, which was initially priced at $120 a share, raised $3.4 billion to become the biggest software IPO ever. Its stock more than doubled on the first day. JFrog, which was priced at $44 a share, raised $352 million and leapt nearly 50% in its first trading session.
Both companies' IPO investors are now sitting on some big gains, but is it too late for new investors to hop on board? Let's take a closer look at these two companies, why they attracted the bulls, and whether or not they still have room to run.
Source Fool.com
