Docomo Capital-backed database software provider Couchbase floated above its range in an offering following some $250m in venture funding.
Couchbase, a US-based database technology provider backed by mobile network operator NTT Docomo, raised $200m in an initial public offering on the Nasdaq Global Select Market yesterday.
The company offered just over 8.3 million shares priced at $24 each, above the $20 to $23 range for the offering. Its shares closed at $30.40 on the first day of trading, implying a market capitalisation of approximately $1.25bn.
Founded in 2009, Couchbase operates a cloud database software platform that supports the deployment…
