Big data software company Cloudera yesterday filed its proposed IPO terms, and the big takeaway is that the top end of its proposed $12-$14 price range ($2.6 billion fully diluted valuation) is more than a 50% haircut from where Cloudera raised VC funding from Intel Corp. back in May 2014 ($30.92 per preferred share). Blame a combination of stock market forces, software market competition and Intel's strategic objectives.
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