Better Software Stock: Snowflake vs. JFrog
Snowflake (NYSE: SNOW) and JFrog (NASDAQ: FROG) were two of the hottest initial public offerings (IPOs) in the software sector for 2020. Both companies went public in September of that year, but they both burned investors who chased their initial rallies.
Snowflake went public at $120 per share and opened at $245. It went on to hit an all-time high of $401.89 last November -- but it now trades in the low $220s. JFrog listed its shares at $44, and the stock started trading at $71.27 before reaching its all-time high of $86.35 later that month. It now trades at about $25 -- more than 40% below its IPO price.
Image source: Getty Images.
Source Fool.com
