Just another Network site

$1.6 billion startup MongoDB could be worth less than $1 billion when its IPO happens next week

TIL TIL $1.6 billion startup MongoDB could be worth less than $1 billion...   via @FundedNews

  • @FundedNews: TIL $1.6 billion startup MongoDB could be worth less than $1 billion… via @businessinsider – – MongoDB offers database software that’s particularly good for today’s messy, big data applications, a market known as “No-SQL” databases.
  • However, as No-SQL tech has grown in popularity, MongoDB has faced competition with traditional vendors and newcomers alike who offer their own versions of No SQL, including Oracle and Amazon Web Services, as well as other startups like Couchbase.
  • It makes the most popular No-SQL option and is now the fourth most popular database on the market today, according to market watching site DB-Engines.
  • Unicorn startup MongoDB has taken another step toward its IPO by offering a price range for its shares.
  • At the mid price, MongoDB would raise about $152 million and be worth about $930 million, according to PitchBook.

It plans to price shares between $18 and $20 apiece it said in an updated prospectus filed with the SEC. The IPO is generally expected to take place on October 19.

At the mid price, MongoDB would raise about $152 million and be worth about $930 million, according to PitchBook.

MongoDB offers database software that’s particularly good for today’s messy, big data applications, a market known as “No-SQL” databases.

MongoDB offers database software that’s particularly good for today’s messy, big data applications, a market known as “No-SQL” databases.

However, as No-SQL tech has grown in popularity, MongoDB has faced competition with traditional vendors and newcomers alike who offer their own versions of No SQL, including Oracle and Amazon Web Services, as well as other startups like Couchbase.

It makes the most popular No-SQL option and is now the fourth most popular database on the market today, according to market watching site DB-Engines.

That’s a loss of $1.71 a share over those same six months, versus $1.93 a share in the same period last year.

Unicorn startup MongoDB has taken another step toward its IPO by offering a price range for its shares.

It plans to price shares between $18 and $20 apiece it said in an updated prospectus filed with the SEC. The IPO is generally expected to take place on October 19.

At the mid price, MongoDB would raise about $152 million and be worth about $930 million, according to PitchBook.

That’s quite a bit shy of its last valuation as a private company of $1.6 billion.

The New York-based database company has been a…

$1.6 billion startup MongoDB could be worth less than $1 billion when its IPO happens next week

Comments are closed, but trackbacks and pingbacks are open.