In case you missed it, Hortonworks (HDP) filed for an IPO on November 10 and, just over a month later, burst onto the Nasdaq. HDP stock began trading last Friday and, now that the dust has settled, we thought it could be worth taking a quick look at just what you missed.
Here’s the scoop on last week’s head-turning Hortonworks IPO.
1. What Is Hadoop? The first step to understanding the Hortonworks IPO is to understand Hadoop, which is an open-source software used to store and process big data. Large and expensive data warehouses — think Oracle (ORCL) or Teradata (TDC) — used to be the go-to places for housing big data. But Hadoop is an open-source software that spreads data over lots of commodity servers, meaning it’s cheaper, scalable, better suited for unstructured data — aka data that wouldn’t fit neatly into an Excel spreadsheet — and faster for processing. Read