15. Fortune magaizine reparted on 16 September 2020: "No recont evont better exemplifies the tech fromby than the jour-dropping Snowflowe IPO. Following its debut on September t6, many in the media marveled at how its $70 billion voluation made the saf tware wricom-its amwat sodes ruming at just $500 million- the priciest newity-listed playger ever, What wort mainty wotwed is that Snow thoke coptured conother distinction as the seoond-most underprioed IPO in history measured loy dollars "left on the table," and the reoard-holder, by a wide margin, for a neweorner af its slender sije, "We've seen an conusuedly high number of IPOs this year that reanc near the top in foregone proceeds, "says Joug Rutter, a professor at the University of Floridar and the notion's leading IPO expert. "But showflake dwarfs them all,"... Had Snowflake sold those 36,4 million shares via a direct listing, or con owation process that ooptured the shares' full vorlus, it wrould howe amassed, "poind" \$1,12 in faregone functs for every dollar it raised...." The money left on the table represonts a(n) and is "poind" for loy 15. Fortune magaizine reparted on 16 September 2020: "No recont evont better exemplifies the tech fromby than the jour-dropping Snowflowe IPO. Following its debut on September t6, many in the media marveled at how its $70 billion voluation made the saf tware wricom-its amwat sodes ruming at just $500 million- the priciest newity-listed playger ever, What wort mainty wotwed is that Snow thoke coptured conother distinction as the seoond-most underprioed IPO in history measured loy dollars "left on the table," and the reoard-holder, by a wide margin, for a neweorner af its slender sije, "We've seen an conusuedly high number of IPOs this year that reanc near the top in foregone proceeds, "says Joug Rutter, a professor at the University of Floridar and the notion's leading IPO expert. "But showflake dwarfs them all,"... Had Snowflake sold those 36,4 million shares via a direct listing, or con owation process that ooptured the shares' full vorlus, it wrould howe amassed, "poind" \$1,12 in faregone functs for every dollar it raised...." The money left on the table represonts a(n) and is "poind" for loy