Hortonworks Surges In IPO
Palo Alto-based Hortonworks surged its its IPO on Friday, raising $100M in a funding and closing the day at $26.48, well above its $16.00 initial public offering price. That price was already well above the company's initial estimated offering range of between $12.00 and $14.00 per share. Hortonworks was venture backed by Benchmark Capital, Hewlett Packard, Index Ventures, and Yahoo. The company develops the popular Hadoop big data software.
posted on Monday, December 15, 2014
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