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Was Snowflake’s IPO mispriced or just misunderstood? – TechCrunch

Was Snowflake’s IPO mispriced or just misunderstood? Was Snowflake’s IPO mispriced or just misunderstood? With an ocean of neat stuff to get through below, we’ll be quick today on our thought bubble focused on Snowflake’s IPO. At issue is the mismatch between the company’s final IPO price of $120 and where it opened, which was around $245 per share. Our thought bubble: If this catches on, a lot more SaaS startups would prove eligible for new rounds than we’d thought.

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