September 15 - 09:09
Snowflake hikes IPO pricing, values company at $30bn+ - CNBC
Data storage company Snowflake could be in line for a bumper IPO after raising its estimated listing price by 30%. A report by CNBC said that that organisation's updated S-1 filing priced its stock between $100 and $110, up from its earlier estimate of between $75 and $85. The updated pricing would value the business $27.7 billion and $30.5 billion, up from $20.9 billion-$23.7 billion.
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