Friday, October 20, 2017

MongoDB finishes up 34% in database IPO | TechCrunch

Irrational exuberance, NoSQL document database edition; also see MongoDB's successful IPO reflects its differences with traditional open source (ZDNet)
"New York-based MongoDB went public on the Nasdaq on Thursday, finishing the day at $32.07, up 34 percent above its IPO price of $24. This is also above the proposed range of $20 to $22, which had been increased from $18 to $20.

The IPO netted $192 million for the company and valued it at about $1.18 billion. By the end of the day’s trading, the market cap was about $1.6 billion, the same as the reported $1.6 billion valuation from its financing round over two years ago.

MongoDB previously raised more than $300 million in equity financing dating back to 2008. Sequoia Capital, Flybridge Capital and Union Square Ventures hold the largest stakes."
MongoDB finishes up 34% in database IPO | TechCrunch

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