HDP News

Tech IPOs see a hard road in 2016: Higher volatility, lower returns, contracting multiples 2015 saw the lowest tech IPO activity since 2009, and 2016 is not looking much better. The VIX Volatility Index rose again this week - it has remained above 20 almost every day this year. Consumer-focused tech and internet names like Twitter (TWTR; -32%...read more

Hortonworks (+65%), LendingClub (+56%) and New Relic (+48%) all had strong debuts in a week with six tech IPOs, the most in a week since 2000. The three 40%+ first-day pops were the most in a week since September 2013, when FireEye, Rocket Fuel and Benefitfocus all gained 80%+ (only FireEye remains above its offer price). While the three top performers all priced above the range,...read more

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....read more

The week ahead: high quality financial and technology IPOs 11 mostly high quality deals are on the IPO calendar to raise $2.7 billion during the week of December 8, 2014. Technology IPOs have been underrepresented in the second half of 2014, representing just 10% (12 IPOs)...read more