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High-growth database MongoDB files for an estimated $150 million IPO

MongoDB, which provides enterprises with an open source NoSQL database platform, filed on Thursday with the SEC to raise up to $100 million in an initial public offering. However, the deal size is likely a placeholder for an IPO that we estimate could raise $150 million.

The New York, NY-based company was founded in 2007 and booked $124 million in sales for the 12 months ended July 31, 2017. It plans to list on the Nasdaq under the symbol MDB. MongoDB filed confidentially on June 18, 2017. Morgan Stanley, Goldman Sachs, Barclays and Allen & Company are the joint bookrunners on the deal. No pricing terms were disclosed.

The article High-growth database MongoDB files for an estimated $150 million IPO 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, the Renaissance IPO ETF (symbol: IPO) or the Global IPO Fund (symbol: IPOSX) , 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.


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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