Big-data software company Cloudera Inc. gave a price estimate for its initial public offering that values it as high as $1.79 billion, though the per-share price range is still well below levels previously paid for company stock.

Cloudera said 17.3 million shares of its common stock could be sold in the IPO for a price of between $12 and $14 a share. With 128 million shares outstanding expected after the offering, that values the company at between $1.54 billion and $1.79 billion.

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