IPOs

Database provider Couchbase prices upsized IPO at $24, above the range

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.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO), Renaissance International ETF (symbol: IPOS), or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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