Palo Alto-based Cloudera saw its shares spike nearly 20 percent in its first day trading Friday morning, making the startup the latest in a string of local enterprise software IPOs to enjoy healthy day-one pops.
Cloudera, which provides an open source data analysis platform to other companies, opened the day trading at $17.87.
The startup raised $225 million Thursday, offering 15 million shares at $15 — above the $12-$14 range the company had targeted earlier this month. That number may continue to grow, as Cloudera gave the underwriters an option to buy another 2.25 million shares within 30 days.
But Friday’s $17.87 price tag is a significant discount from the nearly $31 per-share…