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Hortonworks jumps following IPO; Yahoo's stake worth $183M

Dec. 12, 2014 10:54 AM ETHortonworks (HDP) StockBy: Eric Jhonsa, SA News Editor9 Comments
  • Hortonworks (NASDAQ:HDP) opened at $24 and is now at $24.13, up 50.8% from its $16 IPO price.
  • Hortonworks, one of the two most prominent developers (along with Intel-backed Cloudera) of software distributions for the Hadoop big data framework, is now worth just over $1B, or ~15x gross billings from the 12 months ending Sep. 30.
  • Yahoo's (YHOO +1.1%) 7.6M-share (16.8%) stake is worth $183M. Teradata's (TDC -1.4%) 2.9M-share (7%) stake is worth $70M.
  • Prospectus, IPO analysis
  • Prior Hortonworks coverage

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