The Salesforce, Intel and Red Hat-backed database software provider, valued at $1.6bn as of 2016, has reportedly filed for an initial public offering.
US-based database management software provider MongoDB has confidentially filed for an initial public offering that will give exits to corporates Salesforce, Intel and Red Hat, TechCrunch reported yesterday.
Founded in 2007, MongoDB has built a software platform that stores data in documents where it can be indexed or analysed. The company was reportedly valued at $1.6bn as of 2015.
The Wall Street Journal reported in May this year that MongoDB had hired investment banks for an IPO, but news of…
