Home / SmartTech / Snowflake and JFrog Boost IPO Reach As Tech Markets Remain Hot – TechCrunch

Snowflake and JFrog Boost IPO Reach As Tech Markets Remain Hot – TechCrunch



Last week’s declines are history

Which market sale?

Despite last week’s market decline, Snowflake has two major IPOs this week and JFrog raised their IPO price range this morning. The rise in expected prices means that each IPO is likely to raise more capital and value companies richer than their original divisions.

Snowflake̵

7;s first line of IPOs was valued at $ 24 billion, and the IPO showed that both Berkshire Hathaway and Salesforce Ventures would be putting capital into the big data company. Developer-derived profits and JFrog’s strong growth resulted in a valuation of around $ 3 billion, well above its final private price.

These numbers are now a thing of the past. This morning, let’s quickly calculate new valuations for both companies and see why they manage to attract such strong investor demand.

The new IPO price intervals from JFrog and Snowflake

Starting with JFrog, The company’s previous IPO price interval of $ 33 to $ 37 per share was between $ 2.92 billion and $ 3.28 billion, excluding the equity reserved for the underwriting banks. The company is now targeting a price range of $ 39 to $ 41 per share, a significant gain over its previous target.

JFrog continues to intend to sell eight million shares, giving the company a gross increase of $ 312 million to $ 328 million before taking into account other shares sold by existing shareholders and equity reserved for subscribers.


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