Couchbase (NASDAQ:BASE), a database software firm, priced 8.34M shares at $24/share, above prior range of $20-23.
The underwriters have a 30-day option to purchase up to an additional 1.25M shares, according to a statement. The company will have a market cap of about $960M based on its shares outstanding.
The company will begin trading today on the Nasdaq under the ticker symbol “BASE.”
Couchbase has said its competitors include legacy database providers such as Oracle (NYSE:ORCL), IBM (NYSE:IBM) and Microsoft (NASDAQ:MSFT), providers of NoSQL database offerings such as MongoDB (NASDAQ:MDB) and cloud infrastructure companies such as Amazon (NASDAQ:AMZN) and Google (NASDAQ:GOOGL).
Morgan Stanley and Goldman Sachs are the lead underwriters for the offering.
Also see, Donovan Jones’ piece from last week entitled “Couchbase Pursues $100 Million U.S. IPO.”
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