Written by:Sue Marek
Source URL: https://www.sdxcentral.com/articles/news/cloudera-could-raise-242-million-in-upcoming-ipo/2017/04/
In preparation for its initial public offering (IPO), big data analytics firm Cloudera yesterday priced its offering at $12 to $14 per share, giving the company a market capitalization of $1.79 billion. The company is planning to sell 17.3 million shares and could possibly raise as much as $242.2 million from the offering.
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Cloudera filed an S1 document earlier this month in which it said that its revenue at the end of fiscal year 2017, which ended January 31, was $261 million, a 57 percent increase from $166 million in revenue that it reported during the prior fiscal year. In addition, net losses declined from $203.1 million at the end of fiscal 2016 to $187.3 million at the end of fiscal 2017.
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