Monday, April 17, 2017

Cloudera Sets Estimated IPO Range

Palo Alto-based Cloudera has set its estimated IPO range, saying in a filing this morning that it now expects its IPO to price at between $12.00 and $14.00 per share. The company is looking to sell 15,000,000 shares of its common stock, which would raise $241.5M for the company if its prices at the high range of its estimated range. The company says it has been approved to list on the NYSE as CLDR. Cloudera'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.