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.
