Snowflake’s buzzy IPO just got a little more buzzy

Bank review, current USBR score and consumer report

Cloud-data software maker Snowflake priced its initial public offering at $120 a share, above the marketed range, according to a person familiar with the matter who asked not to be identified.

The San Mateo, Calif.-based company planned to sell 28 million shares for $100 to $110 each, a range that was boosted from $75 to $85, according to filings with the U.S. Securities and Exchange Commission.

Snowflake, founded in 2012, is a rare challenger to Amazon as a provider of public cloud storage and services. In the fiscal year that ended Jan. 31, Snowflake’s revenue soared 174% to $264.7 million compared with the previous fiscal year, the company reported. In the sixth months that ended July 31, sales were $242 million, a 133% year-over-year increase.

The offering is being led by Goldman Sachs and Morgan Stanley. Snowflake’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol SNOW.

More must-read tech coverage from Fortune:

11 Things You Should Know Before You Get Your First Credit Card

A credit card may seem like just another tool to help you make purchases, but it can be much more. When used responsibly, a credit card can help you build

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

How Is Credit Card Interest Calculated?

So your bank tells you that your credit card has a 15% APR. What does that actually mean? How does your bank calculate your interest rate, and how does that translate into how much you actually pay? …

What Is a Balance Transfer, and Should I Consider Doing One?

In a perfect world, no one would carry a balance on their credit card. We would all pay our bills in full each month and never have to worry about

Subscribe to our e-mail list and stay up-to-date with all our news.

The US Bank Review is an independent authority and bank watchdog group monitoring financial institutions operating the in United States. We have no affiliation with any banks featured, reviewed or profiled. All rights reserved. Terms of use and Privacy Policy