IPOs this week : September 14 - 18, 20 (wk 38)

IPOs expected to price

• Amwell (AMWL), 
• JFrog (FROG), 
• Outset Medical (OM), 
• Pactiv Evergreen (PTVE), 
• Broadstone Net Lease (BNL), 
• Snowflake (SNOW), 
• Sumo Logic (SUMO), 
• Unity Software (U) and 
• Vitru (VTRU). 

Snowflake is the big name to watch after the company attracted $570M from Berkshire Hathaway (NYSE:BRK.A) and $250M from Salesforce.com (NYSE:CRM) for Class A shares. The data warehouse company plans to raise $2.2B by offering 28M shares in a price range of $75 to $85 to give it a market valuation in the range of $20.9B to $23.7B. The IPO will result in Class B shareholders having about 98% of the voting power at the company.