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Red-hot IPO market sends Snowflake surging and JFrog leaping, with more software companies to come

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New York Stock Exchange President Stacey Cunningham helps Snowflake Inc. executievs and employees ring the opening bell for trading Wednesday.


NYSE

Snowflake Inc. and JFrog Inc. produced a hot start Wednesday to the busiest week for initial public offerings in more than a year.

Snowflake
SNOW,
+111.60%

priced its IPO at $120 a share Tuesday night to raise at least $3.86 billion, and likely more than $4 billion, and shares jumped more than 100% in their debut. The company sold at least 28 million shares to raise $3.36 billion, and Berkshire…



Source marketwatch.com

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