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Snowflake’s IPO surge makes it the most expensive one-mile tech stock

Snowflake stock was traded on the New York Stock Exchange on Wednesday. NYSE Snowflake Inc.’s record IPO gives the company an impressive valuation that makes other foamy technology names cheap by comparison. Stocks of Snowflake SNOW, + 111.60% rose 111.6% in Wednesday’s session after conducting its largest software IPO in history. The stock’s grand rally that took place after Snowflake …

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