Cloudera is preparing for $4.1 billion IPO

Bloomberg reports that the US-based Big Data startup Cloudera is currently collaborating with a few banks to arrange an initial public offering. The firm was able to acquire Morgan Stanley, JPMorgen Chase, Bank of America and several other banks which would value Cloudera at roughly $4.1 billion. The paperwork was submitted confidentially to the U.S. Securities and Exchange Commission under a special provision for companies that make less than $1 billion per year revenue.