MongoDB (MDB) Sinks on Primary Share Offering, Seen as a War Chest Building for Strategic Investment and Execution
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MongoDB Announces Pricing of Upsized Public Offering of Class A Common Stock
June 29, 2021 11:41 PM EDTNEW YORK, June 29, 2021 /PRNewswire/ -- MongoDB, Inc. ("MongoDB") (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 to customary closing conditions.Â
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MongoDB Announces Proposed Public Offering of Class A Common Stock
June 29, 2021 5:24 PM EDTNEW YORK, June 29, 2021 /PRNewswire/ -- MongoDB, Inc. ("MongoDB") (Nasdaq: MDB), the leading, modern general purpose database platform, today announced that it has commenced an underwritten public offering of 2,300,000 shares of its Class A common stock. All of the shares in the proposed offering will be sold by MongoDB. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the proposed offering may be completed, or as to the actual size or terms of the offering.
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