Finance
Snowflake’s Record Debut Raises Questions About the IPO Model
A look at the debate among Bloomberg editors over the significance of the cloud computing company’s market splash.
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Cloud software company Snowflake Inc. had its initial public offering at $120 a share and on Sept. 16 promptly shot above $300. It’s now trading at about $235. Here’s a peek at how Bloomberg’s editors and reporters responded to the news.
● Pat Regnier, New York, Finance editor, Bloomberg Businessweek