Snowflake Leads Software IPO Filing Bonanza Including Asana, JFrog, Sumo Logic, Unity Software

Snowflake, a fast-growing cloud data storage provider whose IPO is one of the most anticipated of the year, reported sales rose 174% in 2019 to $264.7 million, with a net loss that nearly doubled to $348.5 million; it applied to list on the New York Stock Exchange under ticker symbol “SNOW.”

JFrog, which makes tools for software developers, reported sales rose 65% in 2019 to $104.7 million, with a net loss that decreased nearly 80% to $5.4 million; it applied to list on the Nasdaq Global Select Market under ticker symbol “FROG.”

Unity Software, which produces a 3D gaming engine for video games and other programs, reported sales rose 42% in 2019 to $541.8 million, with a net loss that increased 24% to $163.2 million; it applied to list on the New York Stock Exchange under the ticker symbol "U."

Sumo Logic, a cloud-based machine data analytics company, reported sales increased 50% in 2019 to $155.1 million, with a net loss that increased 95% to $92.1 million; it applied to list on the Nasdaq Global Select Market under the symbol “SUMO.” 

Asana, a project management software company cofounded by Facebook cofounder Dustin Moskowitz, reported sales increased 86% in 2019 to $142.6 million, with a net loss that increased 133% to $118.6 million; Asana filed to go public via a direct listing, meaning it will not raise new capital, and applied to list on the New York Stock Exchange.