Cloudera (CLDR) IPO Opens Up 19%

Today's IPO for Cloudera, Inc. (NYSE: CLDR) opened for trading at $17.80 after pricing 15,000,000 shares of its common stock at a price to the public of $15.00 per share.

In addition, Cloudera has granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock. The shares are expected to begin trading on the New York Stock Exchange under the symbol "CLDR" on April 28, 2017.

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.

Cloudera delivers the modern platform for machine learning and advanced analytics built on the latest open source technologies. The world’s leading organizations trust Cloudera to help solve their most challenging business problems with Cloudera Enterprise, the fastest, easiest and most secure data platform available for the modern world. Customers efficiently capture, store, process and analyze vast amounts of data, empowering them to use advanced analytics and machine learning to drive business decisions quickly, flexibly and at lower cost than has been possible before.

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