Today is a big day for three software firms--Hortonworks, New Relic and Workiva are all going public.
Palo Alto, Calif-based Hortonworks, which provides data analysis software, has raised $100 million for its IPO after pricing 6.25 million shares at $16 per share. The stock is trading on the NASDAQ under the ticker symbol “HDP.” Goldman Sachs and Credit Suisse Securities are serving as lead underwriters.
Last March, the company, which was spun off from Yahoo in 2011, announced that it received $100 million in funding from BlackRock and Passport Capital, putting it at a valuation north of $1 billion.
Also, San Francisco-based software provider New Relic has raised $115 million for its IPO, increasing the price of its shares to $23 from $22 as previously proposed, according to TechCrunch.
The stock debuts Friday on the NYSE where it’s trading under the ticker symbol “NEWR.” New Relic’s backers include Benchmark Capital, Trinity Ventures, Insight Venture Partners and Tenaya Capital. Morgan Stanley and JPMorgan are the lead underwriters.
And, lastly, Ames, Iowa-based Workiva, a cloud-based software firm, has collected $101 million for its IPO after pricing 7.2 million shares at $14 per share. The stock is trading on the NYSE under the ticker symbol “WK.” Morgan Stanley and Credit Suisse Securities (USA) are serving as the lead underwriters. Workiva’s backers include Bluestem Capital.
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