Big data company Hortonworks raises $100M in IPO, sets price at $16

Updated at 4:14 p.m. Pacific with official confirmation from Hortonworks. Updated at 7:39 p.m. with clarification on the IPO raise.

Like some other tech companies going public this week, big data company Hortonworks today set the price of shares of its stock above the previous range for its initial public offering. Shares went for $ 16 each, up from the $ 12-14 range Hortonworks set earlier this month.

That means it has raised $ 100 million.

Renaissance Capital, a manager of exchange-traded funds of initial public offerings, announced the news in a brief report on its website. Hortonworks later confirmed the $ 16 figure in a statement.

Hortonworks, which sells a distribution of the Hadoop open-source software for storing, processing, and analyzing lots of different kinds of data, will debut on the Nasdaq on Friday morning under the symbol HDP. (HDP, by the way, stands for Hortonworks Data Platform, the name of the distribution.)

Meanwhile, also on Friday, Workiva and New Relic will both premiere on the New York Stock Exchange.

New Relic upgraded the range for the price of its shares for its initial public offering (IPO). Lending Club, which also priced above its range, went public today. That company raised $ 870 million in the IPO.

Hortonworks’ initial IPO filing was disclosed on Nov. 10. Investors include Yahoo, HP, and Teradata.

The IPO’s outcome could factor into the IPO campaigns of other Hadoop companies, such as Cloudera and MapR.


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