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December 1, 2014updated 21 Oct 2016 5:21pm

Hortonworks sets IPO valuation

Hadoop developer to raise $78m valuing it north of $600m

By Sam

Enterprise Apache Hadoop developer Hortonworks announced terms for its IPO with the company saying it would raise $78m at $12-$14 per share.

It plans to raise $78 million by offering 6 million shares making a full market value of $659 million.

Hortonworks, founded in 2011 plans to list on the NASDAQ under the symbol HDP. It filed confidentially on June 27, 2014. Goldman Sachs, Credit Suisse and RBC Capital Markets are the joint bookrunners on the deal according to Renaissance Capital

Recenlty Hortonworks announced Data Platform 2.2 and a partnership with Avanade

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