initial public offerings (IPOs) trading on American exchanges
Showing posts with label SUMO. Show all posts
Showing posts with label SUMO. Show all posts

Friday, September 18, 2020

Sumo Logic (SUMO) began trading on the Nasdaq on Thur 17 Sept 20

Sumo Logic, Inc. is a cloud-based machine data analytics company focusing on security, operations and BI usecases.
 Sumo Logic priced 14.8 mln share IPO at $22.00 per share, $17-21

Saturday, September 12, 2020

IPOs this week : September 14 - 18, 20 (wk 38)

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.