Monday, April 3, 2017

Cloudera Files For IPO

Palo Alto-based Cloudera, a developer of data analytics software, has filed for an IPO, saying on Friday that it is looking to raise $200M in an IPO on the New York Stock Exchange. The company has applied to list as CLDR. Cloudera is led by CEO Thomas J. Reilly. The company's IPO is being underwritten by Morgan Stanley, J.P. Morgan, Allen & Company, BofA Merrill Lynch, Citigroup, Deutsche Bank Securities, Stifel, JMP Securities, and Raymond James. Cloudera is backed by Intel (22 percent ownership), Accel Partners (16.3), and Greylock Partners (12.5).