By this measure, Snowflake’s IPO wasn’t such a success after all

With Snowflake’s IPO on September 16, it is the priciest newly-listed company, valued at $70 billion. It also is the second-most underpriced IPO in history measured by dollars “left on the table,” and the record-holder, by a wide margin, for a newcomer of its slender size. Cordell Eminent Scholar Chair Jay Ritter shares his thoughts on Snowflake’s IPO in this story from Fortune.