In the busiest week yet for the 2020 IPO market, 15 IPOs raised $8.7 billion. Snowflake (SNOW) took the spotlight, completing the largest software IPO ever and bagging the biggest billion-dollar pop in two decades. Eight SPACs joined the week's diverse group of IPOs.
The year's largest IPO to date, Snowflake priced above the upwardly revised range to raise $3.4 billion at a $42.3 billion market cap. The company has a large customer base and has delivered explosive growth, and it should benefit from the ongoing shift to the cloud, though its large losses are