Database software company Couchbase valued at nearly $1.2 bln in Nasdaq debut – Reuters
- Date: 23-Jul-2021
- Source: Reuters
- Sector:Economy
- Country:Middle East
Database software company Couchbase valued at nearly $1.2 bln in Nasdaq debut – Reuters
July 22 (Reuters) - Shares of Couchbase Inc (BASE.O) jumped more than 23% in their Nasdaq debut on Thursday, giving the database software company a market capitalization of nearly $1.2 billion.
The shares opened at $29.60, well above $24 at which the company sold roughly 8.34 million shares in it upsized IPO Wednesday.
The company, which raised $200 million in its IPO, had earlier planned to sell 7 million shares priced between $20 and $23 each. It is backed by investors such as GPI Capital, North Bridge Venture Partners and Accel.
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