Snowflake's IPO: A Retrospective Analysis
In 2020, Snowflake embarked on what was then one of the most eagerly awaited market debuts, launching its initial public offering (IPO) at an ambitious $120 per share. On its very first trading day, the stock price surged to astonishing heights, eclipsing $250, a clear marker of the market's high expectations and investor enthusiasm surrounding the company. Yet, as we fast forward nearly four years, the narrative has shifted substantially. Snowflake's stock has seen a decline of about 40% from its debut closing price, a figure that prompts a closer inspection of the company's journey from a high-flying IPO to its current valuation.
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