Database company Couchbase eyes over $900 mln valuation in U.S. IPO

Database software company Couchbase Inc said on Monday it plans to raise as much as $161 million through an initial public offering, valuing the company at more than $900 million…

The company, whose investors include GPI Capital, North Bridge Venture Partners and Accel, plans to sell 7 million shares in an IPO priced at between $20 and $23 per share, a regulatory filing showed. (https://bit.ly/3kmyduH)

The company had registered for a stock market listing that could value it as much as $3 billion, Reuters reported in March, citing people familiar with the matter. read more

Its listing comes at a time when demand for data storage, security and processing has surged due to global businesses moving to a remote working model during the COVID-19 pandemic.

Couchbase’s software helps companies manage their databases on web and mobile applications through its NoSQL cloud database service. Media giant Comcast Corp¬†(CMCSA.O) and…

Continue reading at REUTERS.com

You May Also Like

About the Author: Admin