Hortonworks prices $80.04 million follow-on offering of stock at $9.50

Bookrunners Goldman, Sachs, Credit Suisse and RBC to assist with sale

By Devika Patel

Knoxville, Tenn., Feb. 2 – Hortonworks, Inc. said it priced an $80.04 million follow-on public sale of stock with a $12.01 million greenshoe.

The company will sell 8,425,000 common shares at $9.50 per share. The price per share is an 8.65% discount to the Feb. 1 closing share price of $10.40.

Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC are the lead bookrunners.

The Santa Clara, Calif., company offers a data management platform.

Issuer:	Hortonworks, Inc.
Issue:	Common stock
Amount:	$80,037,500
Greenshoe:	$12,005,625, or 1,263,750 shares
Shares:	8,425,000
Price:	$9.50
Warrants:	No
Bookrunners:	Goldman, Sachs & Co., Credit Suisse Securities (USA) LLC and RBC Capital Markets, LLC (leads)
Co-managers:	Pacific Crest Securities, Wells Fargo Securities, LLC and PJT Partners LP
Pricing date:	Feb. 2
Stock symbol:	Nasdaq: HDP
Stock price:	$10.40 at close Feb. 1
Market capitalization:	$485.41 million

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