Cloudera Files for IPO

By Chris Lange Updated Jan 12, 1:22PM EST · Published Apr 3, 9:10AM EDT

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[cnxvideo id=”509733″ placement=”ros”]Cloudera has filed an S-1 form with the U.S. Securities and Exchange Commission (SEC) regarding its initial public offering (IPO). No pricing details were listed in the filing, but the offering is valued up to $200 million, although this number is usually just a placeholder. The company intends to list its shares on the New York Stock Exchange under the symbol CLDR.

The underwriters for the offering are Morgan Stanley, JPMorgan, Allen, Merrill Lynch, Citigroup, Deutsche Bank, Stifel, JMP Securities and Raymond James.

This company empowers organizations to become data‑driven enterprises in the newly hyperconnected world. Cloudera has developed the leading modern platform for data management, machine learning and advanced analytics.

Cloudera’s pioneering hybrid open source software (HOSS) model incorporates the best of open source with its robust proprietary software to form an enterprise‑grade platform. This platform delivers an integrated suite of capabilities for data management, machine learning and advanced analytics, affording customers an agile, scalable and cost-effective solution for transforming their businesses.

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The platform enables organizations to use vast amounts of data from a variety of sources, including the Internet of Things (IoT), to better serve and market to their customers, design connected products and services and reduce risk through greater insight from data. A vibrant ecosystem has developed around the platform, and a growing range of applications is being built on it.

In the filing the company detailed its finances:

For our fiscal years ended January 31, 2016 and January 31, 2017, our revenue was $166.0 million and $261.0 million, respectively, representing year‑over‑year growth in revenue of 57% for our most recent fiscal year. Over the same period, operating cash outflows increased from $90.5 million to $116.6 million while our net losses were $203.1 million and $187.3 million, respectively, which includes $63.6 million and $21.7 million, respectively, of stock‑based compensation expense, and a non‑cash charge of $21.6 million in connection with the donation of common stock to the Cloudera Foundation for the year ended January 31, 2017.

The company intends to use the net proceeds from this offering for working capital and other general corporate purposes.

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About the Author Chris Lange →

Chris Lange is a writer for 24/7 Wall St., based in Houston. He has covered financial markets over the past decade with an emphasis on healthcare, tech, and IPOs. During this time, he has published thousands of articles with insightful analysis across these complex fields. Currently, Lange's focus is on military and geopolitical topics.

Lange's work has been quoted or mentioned in Forbes, The New York Times, Business Insider, USA Today, MSN, Yahoo, The Verge, Vice, The Intelligencer, Quartz, Nasdaq, The Motley Fool, Fox Business, International Business Times, The Street, Seeking Alpha, Barron’s, Benzinga, and many other major publications.

A graduate of Southwestern University in Georgetown, Texas, Lange majored in business with a particular focus on investments. He has previous experience in the banking industry and startups.