Snowflake Announces Pricing of Initial Public Offering
16 September 2020 - 1:20PM
Business Wire
Snowflake, the cloud data platform, today announced the pricing
of its initial public offering of 28,000,000 shares of Class A
common stock at a price to the public of $120.00 per share.
The shares are expected to begin trading on the New York Stock
Exchange under the ticker symbol “SNOW” on September 16, 2020, and
the offering is expected to close on September 18, 2020, subject to
customary closing conditions. In addition, Snowflake has granted
the underwriters a 30-day option to purchase up to 4,200,000
additional shares of Class A common stock at the initial public
offering price less underwriting discounts and commissions.
Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Allen
& Company LLC, and Citigroup are acting as lead book-running
managers for the offering. Credit Suisse, Barclays, Deutsche Bank
Securities, Mizuho Securities, and Truist Securities are acting as
book-running managers, and BTIG, Canaccord Genuity, Capital One
Securities, Cowen, D.A. Davidson & Co., JMP Securities,
Oppenheimer & Co., Piper Sandler, Stifel, Academy Securities,
Loop Capital Markets, Ramirez & Co., Inc., and Siebert Williams
Shank are acting as co-managers for the offering.
The offering is being made only by means of a prospectus. Copies
of the final prospectus, when available, may be obtained from:
Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West
Street, New York, NY 10282, by telephone at (866) 471-2526, by
facsimile at (212) 902-9316 or by email at
prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC, Attn:
Prospectus Department, 180 Varick Street, Second Floor, New York,
NY 10014; J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at
prospectus-eq_fi@jpmorgan.com or by telephone at (866) 803-9204;
Allen & Company LLC, Attn: Prospectus Department, 711 Fifth
Avenue, 10th Floor, New York, NY 10022, by telephone at (212)
339-2696 or by email at allenprospectus@allenco.com; or Citigroup
Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long
Island Avenue, Edgewood, NY 11717, by telephone at (800)
831-9146.
A registration statement relating to the sale of these
securities has been filed with, and declared effective by, the
Securities and Exchange Commission. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.
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version on businesswire.com: https://www.businesswire.com/news/home/20200915006376/en/
Investor Contact Jimmy Sexton, Head of IR
IR@snowflake.com
Press Contacts Eszter Szikora, Head of PR
Press@snowflake.com
Danica Stanczak, Sr. Manager, PR Press@snowflake.com
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