Monday, December 15, 2014

Hortonworks Surges In IPO

Palo Alto-based Hortonworks surged its its IPO on Friday, raising $100M in a funding and closing the day at $26.48, well above its $16.00 initial public offering price. That price was already well above the company's initial estimated offering range of between $12.00 and $14.00 per share. Hortonworks was venture backed by Benchmark Capital, Hewlett Packard, Index Ventures, and Yahoo. The company develops the popular Hadoop big data software.