Big data company Cloudera Inc. has filed its S-1 paperwork for an initial public offering, according to a report published Thursday.

Bloomberg, citing “people with knowledge of the matter,” said the filing was made confidentially using the provisions of the Jumpstart Our Business Startups Act that allows an emerging growth company, defined as one with annual revenues of under $1 billion, not to reveal its S-1 filing.

The report also said Morgan Stanley, JPMorgan Chase & Co. and Bank of America Corp. have been tapped to underwrite the IPO. Cloudera is chasing a $4.1 billion valuation, interestingly the same figure it was valued at when it raised a $900 million round in May 2014 from Intel Corp. and others.

Founded in 2009, Cloudera describes itself as the “commercial Hadoop company” given that it develops and distributes Hadoop, the open source programming framework that supports the processing and storage of extremely large data sets in a distributed computing environment. The company’s technology platform assists enterprises in handling massive amounts of generated data by assisting them to organize and analyze it to deliver the ability to make informed business decisions in real-time.

Cloudera’s decision to go public comes at an interesting time for tech floats after a small pickup at the end of what was otherwise a slow year. This year is likewise off to a slow start, with the only IPO of note so far being messaging app maker Snap Inc. March 2. Snap shares dropped below their first-day closing price less than a week later.

While 2017 has started slowly, that is about to change with application network platform provider MuleSoft Inc., set to go public next week on a nearly $2 billion valuation. Lining up in the queue are data analytics provider Alteryx Inc. and information technology services firm Presidio Inc., which is scheduled to go out Friday.

Cloudera’s IPO is notable in its own right. It’s only the second big data company to go public, following in the footsteps of Hortonworks Inc., which raised $100 million on a $1 billion valuation in 2014.

The company has raised $1.04 billion over eight rounds from investors including Accel Partners, EquityZen, Greylock Partners, GV, Ignition Partners, In-Q-Tel, Intel Capital, Meritech Capital Partners and MSD Capital.

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