Cloudera’s IPO Price and What the Deal Means

Given that Cloudera’s shares struggled throughout the past few years, the deal might be beneficial for Cloudera’s shareholders. KKR and Clayton, Dubilier & Rice agreed to purchase Cloudera’s shares at a 24 percent premium when the deal was made at $16 per share.

Coincidentally, that same price point is what the stock jump to after the news broke. That being said, investors with a stake in CLDR will be keeping an eye on the stock price to score a profit. With the future benchmark set, gains above that measure might cause a selling-off, which would send the stock lower. However, given the stock’s performance over the past few years, a price more significant than the offer price isn’t likely. The $16 share purchase price might be the best opportunity to unload any Cloudera shares in investors’ portfolios.

View more information: https://marketrealist.com/p/cloudera-ipo-price/

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