MapR picks IPO bankers
MapR has picked Goldman Sachs to lead its upcoming IPO, Axios has learned. This comes on the heels of larger rival Cloudera hiring Morgan Stanley to lead its own offering, with the two enterprise Hadoop companies in a race to be first to market (or third, since Hortonworks has been public since 2014).
MapR is the smaller of the two companies, with a most recent post-money valuation of $500 million compared to around $4 billion for Cloudera. So, not surprisingly, it only is expected to raise between $150 million and $200 million in its IPO, compared to upwards of $400 million for Cloudera.
Both companies count Google among their investors ― Capital G for MapR and GV for Cloudera ― and neither has set filed a public S-1.