The open-source database platform developer will raise $160m if it floats at the top of its range, with Intel, Dell, Red Hat and Salesforce set to exit.
MongoDB, the US-based database software producer backed by corporates Salesforce, Intel, Dell and Red Hat, set the terms on Friday for an initial public offering that could raise up to $160m.
The company plans to issue 8 million shares on the Nasdaq Global Market priced between $18.00 and $20.00. It publicly filed for the offering late last month.
Founded in 2007, MongoDB has built an open-source distributed database platform that stores data in the cloud, and which features tools…
