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How to Trade the Biggest Software IPO in History

Yesterday marked the biggest software initial public offering (IPO) in history.

Snowflake Inc. (NYSE: SNOW), a cloud-based startup funded by big names like Salesforce and Berkshire Hathaway, hit the market Tuesday night with a $120 per share price tag.

By Wednesday afternoon, the stock had shot above $300 for a 150%-plus gain in just one day.

From the IPO, SNOW sold a whopping 28 million shares and raised almost $3.4 billion. Today, it’s valued at $70 billion – topping long-time established companies like Walgreens Boots Alliance Inc. (NASDAQ: WBA) and Allstate Corp. (NYSE: ALL), to name a few.

It’s safe to say that this stock is hot. But I’m not throwing my money in just yet – and you shouldn’t either


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