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- Sep 16, 202090% CONFIDENCEfrom the source
Snowflake Doubles in NYSE Debut in Record Software IPO
- Snowflake priced its shares at US$120 the day before, above the US$100 to US$110 range it estimated on Monday and well above the US$75 to US$85 range first proposed[1]
- The stock opened at US$245 a share and closed its first day at US$253.93, a gain of more than 111%[1]
- At the close Snowflake was worth US$70.4 billion, more than five times its US$12.4 billion valuation in February[1]
- CEO Frank Slootman told CNBC after the open: "A stock is worth exactly what somebody wants to pay for it. It's like talking about the weather, it is what it is"[1]
- Wikipedia puts the offering at US$3.4 billion, one of the largest software IPOs and the largest to double on its first day of trading[2]
References 487% CONFIDENCEOverall confidence: 87%How well the pin's source and references back up its dates.Weighted average of how firmly 4 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
- [1]90%cnbc.com/2020/09/16/snowflake-snow-opening-trading-on-the-nyse.htmlcnbc.com· Posted Oct 4, 2026· Starts Sep 16, 2020 ✓· 50% of score
CNBC (published 2020-09-16T16:24Z) reports Snowflake "began trading Wednesday" on the NYSE; 16 September 2020 was a Wednesday, and KVIA[3]/CNN ran its "about to go public" piece the same day.
- [2]85%Snowflake Inc. - Wikipediaen.wikipedia.org· Added Oct 4, 2026· 50% of score
History section: IPO raising US$3.4 billion, largest software IPO to double on day one.[1]
- [3]80%Snowflake is about to go public. It's the biggest software IPO ever - KVIAkvia.com· Published Sep 16, 2020· 0% of score
Headline and publication date match the IPO day.[1]
- [4]75%Snowflake Soars Into Tech Big Leagues With $70 Billion Value - Bloombergbloomberg.com· Published Sep 16, 2020· 0% of score
Search-returned headline URL dated 2020-09-16; page itself not opened.[1]
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