Snowflake’s stock indicated to open roughly 60% above IPO price

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Snowflake Inc.’s stock 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 $190 to $195, according to FactSet data, which is 58.3% to 62.5% 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 is slipping 0.1% in morning trading, while the S&P 500 is edging up 0.2%.
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