Couchbase, which provides NoSQL database technology for application developers, raised $200 million by offering 8.3 million shares at $24, above the range of $20 to $23. The company originally planned to offer 7.0 million shares at the same range. At pricing, Couchbase commands a fully diluted market value of $1.2 billion.
Couchbase plans to list on the Nasdaq under the symbol BASE. Morgan Stanley, Goldman Sachs, Barclays, and RBC Capital Markets acted as joint bookrunners on the deal.
The article Database provider Couchbase prices upsized IPO at $24, above the range originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
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