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

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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…



Source cnbc.com

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