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I have never heard of a confidential IPO, how does this differ from any other IPO that is in the news?
They've made their share of mistakes, but they've stuck it out and have definitely improved their product over the years. I wish them all the best for their IPO. What would be really good to see As a measure of their business health is an indication of how their cloud business is doing with respect to their enterprise sales business. A healthy cloud business would signal less volatility in the face of high revenue ga…
A side note: MongoDB now dominates the famous framework benchmark in the read benchmarks. https://www.techempower.com/benchmarks/
Yeah, that's not hard. It's surprising it took them this long.
EDIT: The performance comparison that was linked, and that I was referring to: http://i.imgur.com/Thk5DlU.png
Get ready for another SNAP!
MongoDB is far longer established, has a large enterprise business and likely has a sizable cloud business. These are not "features" you slap onto another product and then simply have users come flooding to you. No, databases are pretty critical pieces of infrastructure.
As long as the business is solid this IPO should work out well, IMO.
Wow I had no idea they were a for profit corp, rather than an open source project. And my startup uses mongo. Mind blown! Good for them.
MongoDB is an open source project, and the MongoDB company is a for profit corporation that ships the database and sells support and services related to it.
