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.
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.