MongoDB, Inc. (NASDAQ: MDB) shares fell on Wednesday after the company announced the pricing of its upsized public offering of 2.5 million shares of common stock at $365 per share.
According to the news announcement, “MongoDB believes that the net proceeds from the sale of the shares will be about $889.0 million.”
MongoDB is a document-oriented database with over 1.5 million free users and almost 25,000 commercial customers. For its NoSQL database, the company offers both licenses and subscriptions as a service.
At the time of publication, MongoDB’s stock was trading at $366.38, down around 4.5 percent. The company has a 52-week high of $428.96 and a 52-week low of $186.27, with a 52-week high of $428.96 and a 52-week low of $186.27, respectively.
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