Cloudera Raises $225 Million in IPO

Shares of Palo Alto, CA-based Cloudera, Inc. rose 20% by last Friday, hours after the developer of a hybrid open source software platform for data management, machine learning and advanced analytics raised $225 million in its IPO.

The company priced 15 million shares at $15 each, exceeding its previous guidance of $12-$14. Still, the price – which valued the company at approximately $1.9 billion – was less than half of what Intel paid when it invested in the company in 2014.

Shares began trading last Friday morning on the New York Stock Exchange under the symbol CLDR.

Cloudera is primarily backed by Intel, Accel Partners, Meritech Capital Partners, In-Q-Tel, Greylock Partners, Ignition, MSD Capital and T. Rowe Price.

For the fiscal year ended Jan. 31, the company generated $261.0 million in revenue and a net loss of $187.3 million.  

Press release from Cloudera:

Cloudera Announces Pricing of IPO, Marking its Debut as a Public Company

Cloudera, Inc. announced the pricing of its IPO of 15,000,000 shares of its common stock at a price to the public of $15.00 per share.

In addition, Cloudera has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The shares are expected to begin trading on the New York Stock Exchange under the symbol CLDR on April 28, 2017.

Morgan Stanley, J.P. Morgan, and Allen & company LLC are acting as lead bookrunners for the offering. BofA Merrill Lynch, Citigroup, and Deutsche Bank Securities are acting as book-running managers and Stifel, JMP Securities, and Raymond James are acting as co-managers.

The offering is being made only by means of a prospectus.

Read also:
All Facts and Figures on Cloudera, in Data Management Solutions for Analytics
Ready for IPO
by Jean-Jacques Maleval | 2017.04.20 | News