Mar 30, 2017 - Economy & Business

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.

Go deeper

Fadel Allassan

Updated 27 mins ago - World

2 Lebanese ministers and 9 lawmakers resign days after deadly explosion

Anti-government protesters in Beirut. Photo: STR/NurPhoto via Getty Images

Lebanon’s information and environment ministers resigned Sunday in the wake of massive protests over the deadly blast in Beirut's port last week, per AP.

Why it matters: In her resignation letter, Information Minister Manal Abdel-Samad called change "elusive" and apologized for not delivering more to the country, which had been devastated by a financial crisis and the coronavirus pandemic even before the blast destroyed much of the capital city.

Go deeper (1 min. read)

Axios

Updated 38 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of 3 a.m. ET: 19,863,850 — Total deaths: 731,374 — Total recoveries — 12,117,346 — Map.
U.S.: Total confirmed cases as of 3 a.m. ET: 5,044,864 — Total deaths: 162,938 — Total recoveries: 1,656,864 — Total tests: 61,792,571 — Map.
Politics: Pelosi says states don't have the funds to comply with Trump's executive order on unemployment — Mnuchin says Trump executive orders were cleared by Justice Department.
States: New York reports lowest rate of positive coronavirus test results since pandemic began
Public health: Ex-FDA head: U.S. will "definitely" see 200,000 to 300,000 virus deaths by end of 2020.
Schools: 97,000 children test positive for coronavirus in two weeks — Nine test positive at Georgia school where photo showing packed hallway went viral .

Go deeper (<1 min. read)

Zachary Basu

Updated 2 hours ago - World

Police and protesters clash in Belarus after "Europe's last dictator" claims election win

Protesters and riot police clash in Minsk, Belarus, on Sunday during a demonstration against President Alexander Lukashenko's claim of a landslide victory. Photo: Misha Friedman/Getty Images)

Riot police clashed with protesters in Belarus overnight after a government exit poll predicted Sunday President Aleksander Lukashenko, an authoritarian who has ruled the Eastern European country since 1994, had overwhelmingly defeated a pro-democracy opposition candidate.

Why it matters: It's a precarious moment for the former Soviet republic, where decades of repression and a complete disregard for the coronavirus pandemic threaten to topple "Europe's last dictator." There were reports of police in Minsk using excessive force on protesters in a brutal crackdown.