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.
posted on Friday, April 28, 2017
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