MongoDB (MDB) IPO Opens Up 38% Higher

Today's IPO for MongoDB (NASDAQ: MDB) opened for trading at $33 after pricing 8,000,000 shares of its Class A common stock at a price to the public of $24 per share, above the expected $20-$22 range which was raised from the original range of $18-$20.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Barclays Capital Inc. and Allen & Company LLC are acting as the joint bookrunners for the offering. Stifel, Nicolaus & Company, Incorporated, Canaccord Genuity Inc. and JMP Securities LLC are acting as co-managers for the offering.

MongoDB is the leading modern, general purpose database platform, designed to unleash the power of software and data for developers and the applications they build. Headquartered in New York, MongoDB has more than 4,300 customers in over 85 countries, including more than half of the global Fortune 100. The MongoDB database platform has been downloaded over 30 million times and there have been more than 700,000 MongoDB University registrations.

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