Скачать или смотреть MongoDB's IPO Beats the Market Out of the Gate

The folks at MongoDB raised a whole lot of money today in their debut on NASDAQ.

Yesterday the open source company announced it was going to be asking $24 a share for the 8 million Class A shares it was letting loose in its IPO, which had some Wall Street investors scratching their heads and wondering if the brains at Mongo were suffering from some kind of undiagnosed damage. Analysts had been estimating an opening price of between $20-22 per share, and on October 6 the company had estimated an opening price in the range of $18-20.

This for a company that only buys red ink. Last year's net loss was $86.7 million, a 17 percent rise over the previous year.

Evidently the brains at MongoDB are working just fine, thank you. The market opened at $33, about a third higher than Mongo's asking price. In total, the company raised somewhere around $192 million and is now valued at $1.17 billion. Those numbers could go up before it's all said and done, however. Underwriters have an option to purchase an additional 1.2 million of the Class A stocks that were on sale today, which would seem to be a given considering investors' bullish attitude toward the NoSQL database company.

This makes today a good day to be a Manhattan champagne merchant. There are sure to be plenty of corks being popped at MongoDB's 43rd Street headquarters at the close of the business day.

Obviously the good folks on Wall Street weren't bidding the price up based on growing losses. Nor were they evidently concer