Cloudera, Inc. (CLDR) Prices 13.4M Share Follow-On Offering at $16.45/Sh; 3M Shares from Cloudera, 10.4M Shares from Selling Stockholders

September 28, 2017 5:51 AM

Cloudera, Inc. (NYSE: CLDR) announced the pricing of its follow-on public offering of its common stock pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (SEC). Cloudera is offering 3,000,000 shares of common stock and the selling stockholders are offering 10,432,114 shares of common stock at a price to the public of $16.45 per share. In addition, certain selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 2,014,816 shares of common stock. Cloudera will not retain any proceeds from the shares sold by existing stockholders.

Cloudera intends to use the net proceeds from its sale in this offering to fund the tax withholding obligations Cloudera incurred upon the net settlement of certain equity awards, the settlement of which was concurrent with the pricing of this offering. In addition, this offering is intended to facilitate an orderly distribution of shares for the selling stockholders in this offering, including certain employees and investors.

Morgan Stanley, J.P. Morgan, and Allen & Company LLC are acting as lead bookrunners for the offering. BofA Merrill Lynch, Citigroup, and Deutsche Bank Securities are acting as book-running managers and Stifel, JMP Securities, and Raymond James are acting as co-managers.

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