Snowflake Boosts Expected IPO Pricing Range
Ahead of its expected IPO (initial public offering) pricing date tomorrow, cloud-based data-warehousing start-up Snowflake boosted its expected pricing range to $100 to $110 per share, up from the previous range of $75 to $85. The increase suggests that investor demand for the deal is strong, which will allow Snowflake to raise even more capital to help fund future growth.
Here's what prospective investors need to know.
Snowflake shares are expected to hit the public market this week. Image source: Getty Images.
Source Fool.com
