Deals
Hortonworks Surges in Trading After $100 Million IPO
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Hortonworks Inc., a startup that sells services and support for the Hadoop free data-analysis technology, jumped in its U.S. trading debut after raising $100 million in an initial public offering.
The shares rose 65 percent to $26.38 at the close in New York after they were sold yesterday for $16 apiece, above the marketed range. That values the Palo Alto, California-based company at $1.1 billion, close to its private valuation of greater than $1 billion.