MongoDB Raises ~$900M Via Upsized Secondary Equity Offering At 6.2% Discount

by Anusuya Lahiri, Benzinga Editor
June 30, 2021 9:09 AM | 1 min read |
  • MongoDB Inc MDB priced 2.5 million shares at $365 per share in an upsized secondary public offering.
  • The offering price signifies a 6.2% discount to the Monday closing price of $389.23.
  • The estimated proceeds are $889 million.
  • The company previously offered to sell 2.3 million shares.
  • The proceeds will serve general corporate purposes.
  • Morgan Stanley and Goldman Sachs & Co. LLC are the joint book-running managers for the offering.
  • Price action: MDB shares traded lower by 5.4% at $363 in the premarket session on the last check Wednesday.
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