MongoDB's IPO Beats the Market Out of the Gate

Posted by brideoflinux on Oct 20, 2017 2:19 AM EDT
IT Pro; By Christine Hall 		Mail this story
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The market opened at $33, about a third higher than Mongo's asking price. In total, the company raised somewhere around $192 million and is now valued at $1.17 billion. Those numbers could go up before it's all said and done, however. Underwriters have an option to purchase an additional 1.2 million of the Class A stocks that were on sale today.

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