
Big-data company Cloudera Inc. aims to raise as much as $210 million in an initial public offering that will continue to test investors’ appetite for young companies with big losses. The company, which is backed by Intel Corp., is marketing 15 million shares at $12 to $14 each, according to a filing Monday. While Cloudera has posted losses since it was founded in 2008 and warns it may never be profitable, a lack of net income hasn’t dissuaded investors from embracing other listings this year.
Two unprofitable software companies have sold shares in the US in 2017 — MuleSoft Inc. and Alteryx Inc. Both are trading well above their IPO, after pricing shares at or above the high end of marketed ranges. After a quiet 2016 for technology listings, valuations are now richer in the public…