Hortonworks falls well short of billion dollar IPO expectations Open source supremo Hortonworks has announced a rather lacklustre IPO, falling miles short of the billion dollar valuation big data tycoons were hoping for. It hopes to raise $78m by flogging six million shares at a cost of between $12 to $14, which roughly works out to a disappointing market valuation of $659m. Hortonworks …
Still a little optimistic for a company that doesnt own anything.
In theory, they own expertise - that is, Hortonworks have contractual control over the knowledge and skills of a set of people who have significant intellectual investment in that domain. That's an asset, though it's a rather illiquid and infungible one, and one that can decide to wander off on its own.
I'd be reluctant to invest in them myself, though, if I played that game. I just don't believe Hadoop is that difficult, and I suspect most of their potential market has no compelling use for their product.
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