Shares of Cloudera Inc. opened at $17.80 Friday morning, 19% above the company’s issue price, in the software company’s debut on the New York Stock Exchange. The company sold 15 million shares at $15 each to raise $225 million. Though it priced above its range, Cloudera’s issue price still cut its private market valuation of $4.1 billion in half. With the opening price, Cloudera’s public market capitalization was $2.28 billion. Morgan Stanley, J.P. Morgan and Allen & Company LLC were the lead underwrtiers on the offering. It has granted underwriters a 30-day option to buy up to 2.25 million additional shares.
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