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Originally Posted by bomber317
Did you jump into the Snowflake IPO?
I didn't track it but it looks like it was available to the masses around $259? IPO was $120?
Looks to be trading in the $220 - $260 range now, including the overall tech pullback last week.
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No, I watched closely, but didn't pull the trigger.
Pre-market signals indicated it would open far too high. The company also has a minimal float currently, due to share lockups from the IPO. The company debuted at very high multiples in comparison to peers. Once those lockups expire, there will likely be downward pressure on shares, and a more reasonable entry point in my view.