A few weeks after Cloudera filed confidentially for a public offering, the Big Data startup has filed public documents indicating its plans to list on the NYSE under the ticker symbol CLDR. The IPO would reportedly value Cloudera at $4.1 billion, which is equal to the valuation it reached via its most recent financing, in 2014. The Bay Area company offers a data management and analytics platform designed to sort massive amounts of information.
Cloudera has raised about $670 million in primary capital since its 2008 founding, with investors including Intel Capital (22% pre-IPO stake), Accel (16.3%) and Greylock Partners (12.5%). Intel also has a strategic partnership with Cloudera, per the SEC filing, under which the two companies are developing joint products for processing large datasets.
This is the latest in a line of recent tech public offerings. Read more of our IPO coverage right here.
Jim Chanos At Invest For Kids: Short This Tech Company As Profits Slump
At this year's Invest For Kids conference, hedge fund manager Jim Chanos pitched a tech giant as his favorite short idea. Jim Chanos is a Wall Street legend. The president and founder of Kynikos Associates made his name shorting Enron in the 1990s. He has since identified some of the most profitable shorts in the Read More