Deals 09/16/2020

Loop Capital Markets participates as co-manager on the $3.9 billion initial public offering of Snowflake Inc.

On September 16, 2020, Snowflake raised $3.9 billion in an initial public offering by issuing 32.2 million shares at an offering price of $120.00.  Loop Capital Markets served as a co-manager on the deal.

Snowflake intends to use the net proceeds from this offering for general corporate purposes. The company may also use the net proceeds to acquire complementary businesses, products, services, or technologies or to invest in investment-grade, interest-bearing instruments.