Snowflake Inc (SNOW) company on NYSE exchange.

Snowflake Inc (SNOW) is a publicly traded company on NYSE exchange. Answer the following questions regarding SNOW:

a)When did the company go public and who were the lead underwriters? (1 marks)

b)What was the IPO offering price per share? (1 marks)

c)What was the opening price and what was the closing price on the opening day? (1 marks)

d)SNOW was able to sell 36.4 million shares at the IPO price. Underwriting fees amounted to $106 million. Calculate the percentage spread charged by the underwriters. (2 marks)

e)How much money was left at the table ($ amount of underpricing)? (2 marks)

f)What is the 52 week and high and the 52 week low price for this stock? (1 marks)

g)What is the Earning per share (EPS) for SNOW? Based on the value of EPS, why would an individual want to invest in SNOW? (2 marks)

Sample Solution

Snowflake Inc. (SNOW) company on NYSE exchange

Few companies have gone from almost complete anonymity among retail investors to huge buzz like Snowflake (NYSE:SNOW) has over the past couple of months. With the incredible run cloud computing stocks have had, interest in Snowflake exploded as investors chased the newest, shiniest investment opportunity in the cloud. As a result, Snowflake shares rocketed higher when trading commenced at 12:38 p.m. EDT on September 16, 2020. Even after Snowflake raised its IPO price twice in the days leading up to going public, moving it up from $75 per share to a final price of $120, its stock shot up $245 per share upon hitting the market. That was more than double the per-share price Snowflake got from investors in the IPO. Gold Sachs, Morgan Stanley, J.P. Morgan, Allen & Co and Citigroup were the lead underwriters for the offering.

rofessional armament that is used by the most modern armies (U.S.A. or Germany). As an assault weapon, the main rifles and vending machines are: Ak47, AKM, Type 56 assault rifles, Colt M4A1 Carbine, Sig SG 552 Commando, Steyr HS .50. From the point of view of a possible direct confrontation, Hamas would not face the Israeli Defense Forces (I.D.F.), preferring a guerilla warfare based on sporadic missile launches. Hamas uses a large arsenal of standard but also modified rockets. Ballistic devices have an impressive range. Of the shortest range of action, we mention the 9M22U 122mm, 66.2kg rockets and the most commonly used -40km – are the 122mm WS-1E missiles weighing 74kg. Generally, most rockets have at least 4 kg of active explosive, and are capable of causing considerable damage. Generally speaking, these missiles are used in the following way : for targets up to 6 km, 81-122mm mortars are used; Up to 12km are used Qassam series missiles (90-115mm); Up to 40 km are used Grad / Katyusha 122mm missiles; Up to 80km are used modified rockets Fajr – 3 of 240mm . Most of these missiles are produced directly in Gaza by assembling components. In fact, a significant amount comes illegally and clandestinely from Iran or Russia.
If we want a brief outlook on Hamas ballistic capabilities, Cast Lead (or The Gaza War) provides data that highlights an extremely powerful capacity. During these confrontations that lasted from December 27, 2008 to January 18, 2009, Hamas launched more than 600 rockets, most of them Qassam (nearly 400) of 90-122mm in an area of over 70 square kilometers . To this, over 300 mortars and nearly 900 HTR (high-trajectory rounds) are added. The main targets of these launches were the Israeli cities Beersheva, Hebron, Jerusalem, Ramallah and Tel Aviv . As in the Lebanon war of 2006, Hamas also confirmed the lack of accuracy in addressing strategic objectives of the IDF. Thus, many of the missiles launched did not cause any damage to the enemy, and many of them have accidentally hit civilian targets. However, most rockets hit both civilian and military targets (especially in the southern area of Israel), causing a strong psychological and media impact .

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