Snowflake (NYSE:SNOW) Stock Price Down 2.3% - Here's What Happened
The cloud software company plans to use proceeds for capped calls, note repurchases and general corporate purposes as investors weigh dilution risk.
8 Articles
8 Articles
Snowflake Slides 4% on Proposed $3.5B Convertible Offering; Oracle Falls 3%, Datadog Drops 4%
Snowflake's massive convertible note proposal is rattling cloud stocks across the board, but the deal's unusual structure raises a question worth answering before assuming the worst about dilution.
Financial Post
Business WireSnowflake Announces Proposed Private Placement of $3.5 Billion of 0.00% Convertible Senior Notes
MENLO PARK, Calif. — Snowflake Inc. (NYSE: SNOW) (“Snowflake”), the AI Data Cloud Company, today announced that it intends to offer, subject to market conditions and other factors, $1.3 billion aggregate principal amount of its 0.00% Convertible Senior Notes due 2029 (the “2029 notes”) and $2.2 billion aggregate principal amount of its 0.00% Convertible Senior […]
The Snowflake shares move to $ 322.96 in a nervous session, after an intraday range between $ 316.95 and $ 323. The title moves on horseback of the daily pivot, while the market reacts to the announcement of a private placement of 3.5 billion in senior convertible notes. PhilipCapital has meanwhile started the coverage with Buy rating [...]
Snowflake (SNOW) Stock Falls 5% After $3.5 Billion Debt Bombshell
TLDR Snowflake stock dropped as much as 5% in pre-market trading Monday. The decline followed news of a proposed $3.5 billion private placement of zero-coupon convertible notes. The notes split into $1.3 billion due 2029 and $2.2 billion due 2031. A Form 144 filing also flagged a planned insider...
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