MongoDB prices its IPO at $24 per share

MongoDB prices its IPO at $24 per share

7 years ago
Anonymous $ZOEEBQ1zf0

https://techcrunch.com/2017/10/18/mongodb-prices-its-ipo-at-24-per-share/

MongoDB has finished up what is essentially the final step in going public, pricing its IPO at $24 and raising $192 million in the process.

The company will debut on the public markets tomorrow and will once again test the waters for companies that are looking to build full-fledged businesses on the back of open-sourced software. MongoDB provides open-sourced database software that can be pretty attractive to early-stage startups as they look to get off the ground, and then look to convert those companies (and larger ones) to paying customers by offering sophisticated tools. It’s a situation not unlike Cloudera, which went public earlier this year.