{"id":233805,"date":"2017-10-19T08:27:07","date_gmt":"2017-10-19T06:27:07","guid":{"rendered":"https:\/\/mybroadband.co.za\/news\/?p=233805"},"modified":"2017-10-19T08:29:28","modified_gmt":"2017-10-19T06:29:28","slug":"mongodbs-shares-will-list-for-24-each","status":"publish","type":"post","link":"https:\/\/mybroadband.co.za\/news\/software\/233805-mongodbs-shares-will-list-for-24-each.html","title":{"rendered":"MongoDB&#8217;s shares will list for $24 each"},"content":{"rendered":"<p>MongoDB has raised\u00a0$192 million, setting the share price for its IPO at $24, reported\u00a0<strong><a href=\"https:\/\/techcrunch.com\/2017\/10\/18\/mongodb-prices-its-ipo-at-24-per-share\/\" target=\"_blank\" rel=\"noopener\">TechCrunch<\/a><\/strong>.<\/p>\n<p>The company is selling 8 million shares, with the option for underwriters to buy another 1.2 million. If the extra allotment is sold, MongoDB may raise $220 million from the IPO.<\/p>\n<p>MongoDB\u2019s last round of funding was over two years ago, when it reported a $1.6-billion valuation.<\/p>\n<p>It has raised over $300 million in equity financing since 2008 from investors such as\u00a0Sequoia Capital, Intel Capital, and NEA.<\/p>\n<p>MongoDB\u00a0helps enterprises manage databases, and its offerings include the MongoDB open source database and a database-as-a-service called Atlas.<\/p>\n<p>Its open source &#8220;freemium&#8221;\u00a0Community Server is also popular among startups, and has been downloaded over\u00a030 million times.<\/p>\n<p>TechCrunch reported that the IPO will be a litmus test for companies aiming to build businesses on open source software.<\/p>\n<p>MongoDB acknowledged that since its database server is open source software, community edition users may not convert to customers.<\/p>\n<h3 class=\"my-4\">Now read:\u00a0<a href=\"https:\/\/mybroadband.co.za\/news\/business\/224678-mongodb-confidentially-files-for-stock-listing-report.html\">MongoDB confidentially files for stock listing &#8211; Report<\/a><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>MongoDB has raised\u00a0$192 million, setting the share price for its IPO at $24.<\/p>\n","protected":false},"author":23,"featured_media":224692,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_threads_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[19,16],"tags":[24864,32220],"class_list":["post-233805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-software","tag-initial-public-offering-ipo","tag-mongodb"],"_links":{"self":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/233805"}],"collection":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/comments?post=233805"}],"version-history":[{"count":2,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/233805\/revisions"}],"predecessor-version":[{"id":233815,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/posts\/233805\/revisions\/233815"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media\/224692"}],"wp:attachment":[{"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/media?parent=233805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/categories?post=233805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mybroadband.co.za\/news\/wp-json\/wp\/v2\/tags?post=233805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}