MongoDB shares jump more than 30% in $192M IPO

Re:MongoDB shares jump more than 30% in $192M IPO by cujic9 on Thursday October 19, 2017 @02:16PM (#15510233)

Pricing is hard, but yes, I think they did price this one a little too low.

That said, the goal is for shares to have a nice upward pop when they hit the open market.

This helps encourage a broader based of shareholders, protecting against the case where a big shareholder decides to dump all of their shares.

This also helps in the case where the company comes out with bad news in the near future. Shareholders who make money are less likely to sue.

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Re:MongoDB shares jump more than 30% in $192M IPO by heisenbit on Thursday October 19, 2017 @02:46PM (#15510509)

The ones who made money are the ones who sold and who are ex-shareholders.

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Re:MongoDB shares jump more than 30% in $192M IPO by cujic9 on Friday October 20, 2017 @07:30AM (#15514913)

And the underwriters, and the early shareholders who grabbed a little chunk of that 30% on the way up.

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Re:MongoDB shares jump more than 30% in $192M IPO by davidw on Thursday October 19, 2017 @04:05PM (#15511122)

> Pricing is hard, but yes, I think they did price this one a little too low.

Auctions can work pretty well for pricing things.

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Re:MongoDB shares jump more than 30% in $192M IPO by Pottsy on Friday October 20, 2017 @01:32AM (#15513701)

Sorry, why exactly do you think 7.5x next year sales is too low?

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Re:MongoDB shares jump more than 30% in $192M IPO by cujic9 on Friday October 20, 2017 @07:29AM (#15514907)

Because the market would have supported a higher price.

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