IPOs expected to price
- Amwell (AMWL),
- JFrog (FROG),
- Outset Medical (OM),
- Pactiv Evergreen (PTVE),
- Broadstone Net Lease (BNL),
- Snowflake (SNOW),
- Sumo Logic (SUMO),
- Unity Software (U) and
- Vitru (VTRU).
Snowflake is the big name to watch after the company attracted $570M from Berkshire Hathaway (NYSE:BRK.A) and $250M from Salesforce.com (NYSE:CRM) for Class A shares. The data warehouse company plans to raise $2.2B by offering 28M shares in a price range of $75 to $85 to give it a market valuation in the range of $20.9B to $23.7B. The IPO will result in Class B shareholders having about 98% of the voting power at the company.
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