Hortonworks prices upsized IPO at $16, above the range

Hortonworks, which develops and supports open source distribution of Hadoop for enterprises, raised $100 million by offering 6.25 million shares at $16, above its $12 to $14 range. Hortonworks will list on the NASDAQ under the symbol HDP. Goldman Sachs, Credit Suisse and RBC Capital Markets acted as joint bookrunners on the deal.