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Cramer on Snowflake: This is the beginning of the ‘avalanche’ of IPOs



Snowflake was giving back about 6% in Thursday’s premarket, one day after the largest ever software IPO more than doubled from its offering price of $120 per share. "I count 30 companies that are selling at 30 times sales," CNBC's Jim Cramer said Thursday. "Then along comes Snowflake at 100 times sales. So you just have to put the stop sign up."



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