Friday, December 12, 2014

Hortonworks Soars in IPO

Shares in Hortonworks, which offers enterprise Apache Hadoop solutions, soared on Friday from an IPO price of $16.00 to close at $26.48 - up 65% for the first day.  The share are traded on the NASDAQ Global Select Market under the symbol “HDP.”

Hortonworks raised approximately $100 million through the IPO.  The company is based in Palo Alto, California.

  • Hortonworks develops, distributes and supports a 100% open source Apache Hadoop data platform that deeply integrates with existing IT investments and upon which enterprises can build and deploy Hadoop-based applications. The company has deep relationships with the key strategic data center partners, including Microsoft, SAP, Teradata, HP and others.