Cloudera Announces Closing of Follow-on Offering and Full Exercise of the Underwriters' Option to Purchase Additional Shares

PALO ALTO, Calif., Oct. 2, 2017 /PRNewswire/ -- Cloudera, Inc. (NYSE: CLDR) announced the closing of its follow-on public offering of common stock pursuant to a registration statement on Form S-1 filed previously with the U.S. Securities and Exchange Commission (SEC). Cloudera sold 3,000,000 shares of common stock and the selling stockholders sold 12,446,930 shares of common stock upon full exercise of the underwriters' option to purchase additional shares of common stock. Cloudera did not receive any proceeds from the shares sold by existing stockholders.

Cloudera intends to use the net proceeds from its sale in this offering to replace funds used to pay the tax withholding obligations Cloudera incurred upon the net settlement of certain equity awards, the settlement of which was concurrent with the pricing of this offering. In addition, this offering was intended to facilitate an orderly distribution of shares for the selling stockholders in this offering, including certain employees and investors.

Morgan Stanley, J.P. Morgan, and Allen & Company LLC acted as lead bookrunners for the offering. BofA Merrill Lynch, Citigroup, and Deutsche Bank Securities acted as book-running managers and Stifel, JMP Securities, and Raymond James acted as co-managers.

The offering was made only by means of a prospectus. Copies of the final prospectus related to the offering may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2^nd Floor, New York, NY 10014, from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by telephone at 866-803-9204 or by email at [email protected] and from Allen & Company LLC, Attention: Prospectus Department, 711 Fifth Avenue, 10th Floor, New York New York 10022 or by telephone at 212-339-2220 or by email at [email protected].

A registration statement (including a prospectus) relating to these securities was declared effective by the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

SOURCE Cloudera, Inc.

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