Credit: Shutterstock photoMongoDB, which provides enterprises with an open source NoSQL database platform, raised $192 million by offering 8 million shares at $24, above the upwardly revised range of $20 to $22. The company originally planned to offer shares at $18 to $20. MongoDB plans to list on the Nasdaq under the symbol MDB. Morgan Stanley, Goldman Sachs, Barclays and Allen & Company acted as lead managers on the deal.
The article MongoDB prices IPO at $24, above the upwardly revised range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
