Snowflake's $3.5B Convertible Note Offering Triggers 4% Stock Drop and Cloud Sector Pullback

SentiSense · Published Sep 28, 2026, 7:09 AM ET · Updated Sep 28, 2026, 4:51 PM ET

Snowflake announced a private placement of $3.5 billion of zero‑coupon convertible senior notes, divided into $1.3 billion due 2029 and $2.2 billion d...