Friday, April 28, 2017

Cloudera Up In Early IPO Trading

Palo Alto-based Cloudera was up slightly in its first day on the public markets, training around $18.97 Friday morning after pricing at $15.00 per share in its IPO last night. Cloudera is now listed in the New York Stock Exchange As CLDR. Cloudera priced above its initial estimated IPO range of $12.00 to $14.00 per share. Cloudera is backed by Intel (22 percent ownership), Accel Partners (16.3), and Greylock Partners (12.5). The company is a developer of machine learning and data analytics software, based on the Hadoop open source software package.