Mar 30, 2017

Cloudera IPO gets closer

Cloudera

Cloudera, a Silicon Valley-based provider of enterprise big data software, is expected to officially file its IPO papers tomorrow with the Securities and Exchange Commission, according to a source familiar with the situation. This would make it the latest so-called "unicorn" to go public in 2017, following Snapchat parent Snap Inc. and Mulesoft, as well as the upcoming offering for identity management company Okta.

A recent Bloomberg report suggested that the company will seek a valuation of around $4.1 billion (same as its most recent private round), although such information would not be available in the initial S-1 filing. Morgan Stanley is expected to be lead underwriter, with J.P. Morgan and BoA Merrill Lynch also participating.

Cloudera shareholders include Intel, Accel Partners, Greylock Partners, T. Rowe Price and Google Ventures.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 1 p.m. ET: 5,543,439 — Total deaths: 347,836 — Total recoveries — 2,266,394 — Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 1,669,040 — Total deaths: 98,426 — Total recoveries: 379,157 — Total tested: 14,604,942 — Map.
  3. Trump administration: Mike Pence's press secretary returns to work after beating coronavirus.
  4. States: New York reports lowest number of new coronavirus deaths since March.
  5. Public health: The final data for remdesivir is in and its benefits are rather limited.
  6. Education: A closer look at how colleges can reopen — Notre Dame president says science alone "cannot provide the answer" to reopening.
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Updated 2 mins ago - Politics & Policy

Pentagon watchdog sidelined by Trump resigns

Fine testiying before the Senate Judiciary Committee in 2017. Photo: Drew Angerer/Getty Images

Glenn Fine, the Pentagon's principal deputy inspector general, submitted his resignation on Tuesday.

Why it matters: President Trump removed Fine as the Pentagon's acting inspector general in April 7 after a group of independent federal watchdogs selected him to lead the Pandemic Response Accountability Committee, which was set up to oversee the rollout of the $2 trillion coronavirus relief bill.

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By the numbers: 73 New Yorkers died from coronavirus in the past 24 hours, and 200 people tested positive. Hospitalizations and intubations also decreased.

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