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

MarketWatch logo MarketWatch 9/16/2020 Tomi Kilgore
MARKET PULSE

Snowflake Inc.'s stock (snow) 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 (ipo) is gaining 0.6% in morning trading, while the S&P 500 (spx) is edging up 0.6%.

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