SUMO News

In the busiest week yet for the 2020 IPO market, 15 IPOs raised $8.7 billion. Snowflake (SNOW) took the spotlight, completing the largest software IPO ever and bagging the biggest billion-dollar pop in two decades. Eight SPACs joined the week’s diverse group of IPOs. The year’s largest IPO to date, Snowflake (SNOW) priced above...read more

Sumo Logic, which provides on-demand cloud log management solutions to enterprises, raised $326 million by offering 14.8 million shares at $22, above the range of $17 to $21. Existing shareholder Tiger Global had indicated on buying up to 10% of the shares in the offering. At pricing, the company raised 16% more in proceeds than anticipated. Sumo Logic plans to list on the...read more

Updated Monday, 9/14. The post-Labor Day IPO frenzy is here as 14 IPOs plan to raise $7.8 billion in the coming week, led by cloud data unicorn Snowflake (SNOW). It is expected to be the biggest week for the IPO market by proceeds since May 2019, when Uber went public, and the most deals in a week since 2014. The largest deal of the...read more

Sumo Logic, which provides on-demand cloud log management solutions to enterprises, announced terms for its IPO on Tuesday. The Redwood City, CA-based company plans to raise $281 million by offering 14.8 million shares at a price range of $17 to $21. Existing shareholder Tiger Global Management intends to purchase 10% of the of shares in the offering. At the midpoint of the...read more