MongoDB finishes up 34% in database IPO

Filed Under: TechCrunch on Friday, 20 October 2017

New York-based MongoDB went public on the Nasdaq on Thursday, finishing the day at $32.07, up 34% 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… Read More