MongoDB finishes up 34% in database IPO

 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

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