Software firm Cloudera raises $225m in IPO, valuation shrinks

Software firm Cloudera raises $225m in IPO, valuation shrinks

Mexican pesos and U.S. dollar banknotes are seen in this picture illustration, November 3, 2016. REUTERS/Edgard Garrido

Software company Cloudera Inc raised $225 million in an initial public offering on Thursday, a source familiar with the situations said, giving the company a market valuation of about $1.9 billion, a steep fall from the $4.1 billion it was once valued at in the private market.

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