MongoDB (MDB) files to offer 2.3 million shares
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MongoDB (MDB) Sinks on Primary Share Offering, Seen as a War Chest Building for Strategic Investment and Execution
June 30, 2021 8:44 AM EDTShares of MongoDB (NASDAQ: MDB) are down about 6% in pre-open Wednesday after the company announced it priced an upsized offering 2.5 million shares of its Class A common stock at a price to the public of $365.00 per share. Originally, the company was looking to offer 2.3 million shares.
After underwriting discounts and commissions, the... More
MongoDB (MDB) Prices Upsized 2.5M Share Offering at $365/sh
June 30, 2021 5:05 AM EDTMongoDB, Inc. (Nasdaq: MDB), the leading, modern general purpose database platform, today announced the pricing of an underwritten public offering of 2,500,000 shares of its Class A common stock at a price to the public of $365.00 per share. MongoDB estimates that the net proceeds from the sale of the shares will be approximately $889.0 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by MongoDB. The offering is expected to close on July 2, 2021, subject... More
