"Hortonworks was valued at roughly $1.1 billion, on a fully diluted basis, after its most-recent fundraising round this summer, said Virginia LaSala, an analyst at Renaissance Capital LLC, which manages IPO ETFs.IPO-Bound Hortonworks Drops Out of Billion-Dollar Startup Club - Digits - WSJ
Hortonworks’ estimated valuation in Monday’s filing is lower in part because Hortonworks completed a one-for-two reverse stock split on Nov. 25, according to the filing. That effectively reduced the value of earlier investors’ stakes by half."
Tuesday, December 02, 2014
IPO-Bound Hortonworks Drops Out of Billion-Dollar Startup Club - Digits - WSJ
Another take on Hortonworks' mysterious math