This will be the biggest year ever for software IPOs as coronavirus and work-from-home show value


The software business is on fire. This is going to be by far the biggest year for software IPOs in history.

Four big software IPOs are pricing this week: Snowflake, Unity Software, JFrog, and Sumo Logic. Palantir and Asana are coming at the end of September.  

Snowflake priced its IPO at $120 per share, raising $3.3 billion. Previous price talk over the weekend had been at $75-$85 per share, then raised to $100-$110 per share on Monday.

JFrog priced 11.6 million shares at $44, also above the prior range of $39-$41.

Snowflake is not only the largest IPO of year, it’s the largest software IPO ever.  At $3.3 billion raised, it is more than three times bigger than the next largest, VMware in…


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