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Published on 12/11/2014 in the Prospect News PIPE Daily.

Hortonworks prices $100 million initial public stock sale at $16.00

Goldman Sachs and Credit Suisse Securities are joint lead bookrunners

By Devika Patel

Knoxville, Tenn., Dec. 11 – Hortonworks, Inc. said it priced a $100 million initial public offering of stock with a $15 million greenshoe.

The company will sell 6.25 million common shares at $16.00 apiece.

Goldman Sachs & Co. and Credit Suisse Securities (USA) LLC are the lead bookrunning managers. RBC Capital Markets, LLC is also a bookrunner.

The computer software company is based in Palo Alto, Calif. It intends to list its common stock on the Nasdaq under the symbol “HDP.”

Issuer:Hortonworks, Inc.
Issue:Common stock
Amount:$100 million
Greenshoe:$15 million
Shares:6.25 million
Price:$16.00
Warrants:No
Bookrunners:Goldman Sachs & Co. and Credit Suisse Securities (USA) LLC (lead books), RBC Capital Markets, LLC
Co-managers:Pacific Crest Securities LLC, Wells Fargo Securities, LLC and Blackstone Capital Markets
Pricing date:Dec. 11
Stock exchange:Nasdaq: HDP

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