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Hortonworks Files to Sell Shares in IPO of Hadoop Company

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Hortonworks Inc. filed to sell shares in an initial public offering, betting on growth in demand for products and services based on Hadoop free software for storing, analyzing and managing large amounts of data.

The Palo Alto, California-based company filed for a $100 million IPO with the U.S. Securities and Exchange Commission today. The figure is a placeholder used to calculate fees and may change. Goldman Sachs Group Inc., Credit Suisse Group AG and RBC Capital Markets LLC will manage the sale.