Two big winners out of four will have to suffice for investors as a group of enterprise software companies — all of which play in the Big Data and/or cloud markets — made their stock market debuts Friday. New Relic (NEWR) and Hortonworks (HDP) got the most attention. New Relic stock jumped 48% to 33.99, as the company raised $115 million on a down day for the market. Hortonworks stock climbed 65% to 26.38. The company raised $100
Seven companies had their IPO debut Friday, with Big Data a big theme. New Relic (NEWR) popped with its initial public offering. The company provides a software-as-a-service platform that companies use to collect, analyze and store massive amounts of data. This includes monitoring e-commerce applications. New Relic raised $115 million by pricing 5 million shares late Thursday at 23, above its upwardly revised expected range of 20 to 22. New Relic
Friday is shaping up to be a big day for Big Data IPOs. Three Big Data companies are set for an initial public offering Friday. The largest is New Relic (NEWR) which raised its estimated price range, suggesting strong demand for shares. New Relic provides a software-as-a-service platform that companies use to collect, analyze and store massive amounts of data. This includes monitoring e-commerce applications. New Relic raised its expected share