Fenwick & West represented Cloudera, Inc. (NYSE: CLDR), provider of the leading modern platform for machine learning and advanced analytics built on the latest open source technologies, announced the pricing of its initial public offering of 15,000,000 shares of its common stock at a price to the public of $15.00 per share. In addition, Cloudera granted the underwriters a 30-day option to purchase up to an additional 2,250,000 shares of common stock.
Morgan Stanley, J.P. Morgan, and Allen & Company LLC acted as lead book-runners for the offering. BofA Merrill Lynch, Citigroup, and Deutsche Bank Securities acted as book-running managers and Stifel, JMP Securities, and Raymond James acted as co-managers.
The Fenwick transaction team included corporate and securities partner David Bell and associates Niki Fang, Jennifer Hitchcock, Amanda Baratz, Amy Zhang and Kyle Canchola, as well as executive compensation and benefits partner Scott Spector and associates Elizabeth Gartland, Kristin O’Hanlon and Elizabeth Chang.