The fall is shaping up to be a busy time for initial public offerings, with companies including Snowflake, Asana, and Ant Group all expected to launch deals:
The fall is shaping up to be a busy time for initial public offerings, with companies including Snowflake, Asana, and Ant Group all expected to launch deals.
Ant Group also did not list how many shares it would offer or their price range. Citigroup , JPMorgan Chase , Morgan Stanley , and CICC are listed as underwriters on the deal. The Renaissance IPO ETF , which tracks new issues for their first two years, is up 45%, Smith said. “IPO investors are making good money,” she said.
Revenue for Snowflake has more than doubled. The company reported $171.2 million in losses for the six months ended July 31, with $242 million in revenue. In the same period of 2019, the loss was $177.2 million, while revenue was $104 million.
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