Snowflake shares opened at $245 in New York trading – more than double its IPO price.
The cloud-data software maker had an amazing stock-market debut on Tuesday, which turned the eight-year-old software company into a business valued at about $73 billion (Dh268.12bn)
Its $3.36bn initial public offering is a record for a software company and the biggest in the US this year.
Snowflake's 104 per cent share gain at the opening bell was the third-highest for an IPO of $1bn or more on a US exchange.
It was also the biggest since Florida-based equipment rental company Herc Holdings went public in 2006.
At the close of trading, shares were priced at $254, down from an earlier high of $311.
The firm is currently more valuable than Uber, Dell and General Motors.
With IPOs roaring back after a spring lull as the coronavirus pandemic hit the US, Snowflake's listing even attracted hedge fund chief Warren Buffett.
Founded in 2012, the software firm is a challenger to Amazon as a provider of data warehouse technology.
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Which honey takes your fancy?
Al Ghaf Honey
The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year
Sidr Honey
The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest
Samar Honey
The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments
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