Get ready. It’s about to be big data time on the Nasdaq.
Hortonworks, a company that sells a distribution of Hadoop open-source software for analyzing lots of different kinds of data, intends to offer shares of its stock for $12 to $14, according to a regulatory filing it submitted today. The initial public offering on the Nasdaq, under the symbol HDP, could come quite soon, ahead of competitors Cloudera and MapR, both of which have taken on significant funding and are likely to eventually go public.
The IPO won’t only be a big deal for the big data market. Yahoo and HP also own shares in Hortonworks. The former will hold 16.8 percent of shares in Hortonworks after the IPO, after today’s filing. The latter, which recently moved to invest in Hortonworks, will retain 5 percent of shares.
Hortonworks started in 2011 and is based in Palo Alto, Calif. The company first filed to go public last month.