THERESE POLETTI’S TECH TALES © MarketWatch photo illustration/iStockphoto As the importance of cloud software has grown in the global pandemic, cloud-software companies have become the most stark example of initial public offerings reaching dot-com-boom levels — and beyond. Load Error This week saw stunning performance of four big software IPOs. […]
Snowflake
Dow drops over 100 points, tech leads losses, Snowflake drops
Dow loses 130 points The market trimmed some of its losses in the final hour but still finished in the red across the board. The Dow lost 130 points, or 0.5 %. The S&P 500 and the Nasdaq Composite lost 0.8% and 1.3%, respectively. The small cap Russell 2000 also […]
Following Snowflake, Sumo Logic Stock Starts Trading on the Nasdaq Today
Sumo Logic (NASDAQ:SUMO), which is riding a strong wave of tech initial public offerings (IPOs) in the wake of Snowflake‘s splashy arrival, is slated to make its stock market debut on Thursday. This follows the company’s IPO, which was priced at $22 per share. Encouragingly for the company’s current and […]
Snowflake to Sell Shares at $120 Each in IPO
Snowflake is pricing its initial public offering above an already-increased range, according to a report. The cloud storage and computing firm plans to sell shares at $120 each in an IPO planned for Wednesday, the WSJ reported late Tuesday. It’s selling 28 million shares in the offering, implying a market cap […]