Hortonworks (HDP) IPO Opens Up 50%

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Go back to Hortonworks (HDP) IPO Opens Up 50%

Hortonworks (HDP) IPO Prices at $16, Above Expected Range

December 12, 2014 7:59 AM EST

Hortonworks, Inc. (NASDAQ: HDP) announced the pricing of its initial public offering of 6,250,000 shares of its common stock at a price to the public of $16 per share, above the expected $12-$14 range. The shares are expected to begin trading on the NASDAQ Global Select Market on December 12, 2014 under the symbol "HDP."

All of the shares are being offered by Hortonworks. In addition, Hortonworks has granted the underwriters a 30-day option to purchase up to 937,500 additional shares of common stock from Hortonworks.

Triton Research rates Hortonworks 5.11,... More