Database Software Firm MongoDB Inc. (MDB)’s Nasdaq IPO Priced-Shares Surge Today!
Database software firm MongoDB Inc. (NasdaqCM: MDB) completed an IPO today and priced shares at $24, a $2 premium to the top part of the range. MDB sold 8 million shares to raise $192 million, and gives it a valuation of over $1 billion. MDB shares rose as high as $34 and are currently trading in the $29.80 range. Underwriters were led by Morgan Stanley, Goldman Sachs & Barclays.
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