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Sept. 16, 2020, 11:25 a.m. EDT

Snowflake's stock indicated to open well above above $200

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By Tomi Kilgore

Snowflake Inc.'s stock /zigman2/quotes/220991541/composite SNOW +8.57% looks set to debut with a bang, as early indications for the first trade continue to creep higher. The software company's stock is indicated to open on the NYSE at around $215 to $220, according to FactSet data, which is 79.2% to 83.3% above the $120 IPO price. The IPO had already priced overnight above the expected range of $100 to $110 a share, which was raised from initial expectations of $75 to $85 share. Meanwhile, the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +4.64% is gaining 0.6% in morning trading, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.97% is edging up 0.6%.

/zigman2/quotes/220991541/composite
US : U.S.: NYSE
$ 370.95
+29.29 +8.57%
Volume: 1.52M
Dec. 7, 2021 10:31a
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$104.65 billion
Rev. per Employee
$237,294
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 59.56
+2.64 +4.64%
Volume: 43,594
Dec. 7, 2021 10:22a
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/zigman2/quotes/210599714/realtime
US : S&P US
4,681.92
+90.25 +1.97%
Volume: 581.66M
Dec. 7, 2021 10:31a
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