The US initial-public-offering market is gearing up for its busiest week since May of 2019, when Uber Technologies went public, with 12 deals expected to raise $6.8bn (£5.3bn).

The list includes Snowflake, a cloud company that raised its proposed price range by a wide margin on 14 September, to $100 to $110 from a prior $75 to $85. The company is planning to offer 28 million shares to raise up to $3.08bn at a valuation of up to $30.5bn. That would make it the biggest deal of the year.