PALO ALTO, Calif., Sept. 15, 2017 /PRNewswire/ -- Cloudera,
Inc. (NYSE: CLDR) today announced that it has filed a
registration statement on Form S-1 with the U.S. Securities
and Exchange Commission (SEC) relating to a proposed follow-on
public offering of its common stock. A portion of the shares to be
sold in the offering will be sold by existing stockholders of
Cloudera, and a portion of the shares will be sold by the company.
Cloudera will not retain any proceeds from the shares sold by
existing stockholders. The number of shares to be sold and the
allocation of the shares between existing stockholders and the
company have not yet been determined.
Cloudera intends to use the net proceeds from its sale in this
offering to fund the tax withholding obligations Cloudera will
incur upon the net settlement of equity awards, the settlement of
which will be concurrent with this offering. In addition,
this offering is intended to facilitate an orderly distribution of
shares for the selling stockholders in this offering, including
certain employees and investors.
Morgan Stanley, J.P. Morgan, and Allen & Company LLC are
acting as lead bookrunners for the offering. BofA Merrill Lynch,
Citigroup, and Deutsche Bank Securities are acting as book-running
managers and Stifel, JMP Securities, and Raymond James are acting as co-managers.
The offering will be made only by means of a prospectus. Copies
of the preliminary prospectus related to the offering may be
obtained, when available, from Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd
Floor, New York, NY 10014, from
J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood,
NY 11717 or by telephone at 866-803-9204 or by email at
prospectus-eq_fi@jpmchase.com and from Allen & Company LLC,
Attention: Prospectus Department, 711 Fifth Avenue, 10th Floor,
New York New York 10022 or by
telephone at 212-339-2220 or by email at dweidlein@allenco.com.
A registration statement (including a prospectus) relating to
these securities has been filed with the SEC but has not yet become
effective. These securities may not be sold, nor may offers to buy
be accepted, prior to the time the registration statement becomes
effective. This press release shall not constitute an offer to sell
or the solicitation of an offer to buy, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
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SOURCE Cloudera, Inc.