(Bloomberg) — Cloud-data software maker Snowflake Inc. priced its initial public offering at $120 a share, above the marketed range, according to a person familiar with the matter who asked not to be identified.The San Mateo, California-based company planned to sell 28 million shares for $100 to $110 each, a range that was boosted from $75 to $85, according to filings with the U.S. Securities and Exchange Commission.Snowflake, founded in 2012, is a rare challenger to Amazon as a provider of public cloud storage and services. In the fiscal year that ended Jan. 31, Snowflake’s revenue soared 174% to $264.7 …read more
Source:: Yahoo Finance
