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Snowflake Announces Closing of Initial Public Offering and Full Exercise of Underwriters’ Option to Purchase Additional Shares

·2 min read

Snowflake, the cloud data platform, today announced the closing of its initial public offering of 32,200,000 shares of Class A common stock, including the full exercise by the underwriters of their option to purchase 4,200,000 additional shares of Class A common stock, at a price to the public of $120.00 per share. The shares are listed for trading on the New York Stock Exchange under the ticker symbol "SNOW."

Goldman Sachs & Co. LLC, Morgan Stanley, J.P. Morgan, Allen & Company LLC, and Citigroup acted as lead book-running managers for the offering. Credit Suisse, Barclays, Deutsche Bank Securities, Mizuho Securities, and Truist Securities acted as book-running managers, and BTIG, Canaccord Genuity, Capital One Securities, Cowen, D.A. Davidson & Co., JMP Securities, Oppenheimer & Co., Piper Sandler, Stifel, Academy Securities, Loop Capital Markets, Ramirez & Co., Inc., and Siebert Williams Shank acted as co-managers for the offering.

The offering was made only by means of a prospectus. Copies of the final prospectus may be obtained from: Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, by facsimile at (212) 902-9316 or by email at prospectus-ny@ny.email.gs.com; Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, Second Floor, New York, NY 10014; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at prospectus-eq_fi@jpmorgan.com or by telephone at (866) 803-9204; Allen & Company LLC, Attn: Prospectus Department, 711 Fifth Avenue, 10th Floor, New York, NY 10022, by telephone at (212) 339-2696 or by email at allenprospectus@allenco.com; or Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (800) 831-9146.

A registration statement relating to the sale of these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200918005462/en/

Contacts

Investor Contact
Jimmy Sexton, Head of IR
IR@snowflake.com

Press Contacts
Eszter Szikora, Head of PR
Press@snowflake.com

Danica Stanczak, Sr. Manager, PR
Press@snowflake.com