Tuesday, December 2, 2014

Hortonworks Sets IPO Offering Range

Palo Alto-based Hortonworks, which develops the Hadoop big data software, has set the pricing range for its initial public offering. The company said Monday that it currently estimates its initial public offering price at between $12.00 and $14.00 per share. Hortonworks is looking to sell 6,000,000 shares of its common stock on the NASDAQ Global Select Market as HDP. Hortonworks is venture backed by HP, Tenaya Capital, Dragoneer Investment Group, Benchmark, Index Ventures, and Yahoo.