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

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

#11
post #5

In a world where Giphy is valued by investors at 400M, I'm not sure if half that for mongodb is good or bad.

They sold 8,000,000 shares at $24 but that is only 16% [1] of shares outstanding. The stock is ~$30 as of now, which yields a total valuation of $1.47B

[1] https://www.sec.gov/Archives/edgar/data/1441816/000104746917...

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

#12

Is it me..or does Mongo not seem as relevent and 'hip' as it once was... I mean I feel postgres is much more solid, and you can combine some of the aspects of document store via the json data types they added... of course I'm not really a DBA and don't have a lot of Mongo experience ... but personally I feel rdbms make more sense for growth/scaling..

Mongo is no longer as "hip", but it is slowly breaking into the enterprise as people learn the right use cases for it.

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

#13

Does anyone use Mongo anymore? Edit: Honest to god question. I was surprised when I saw the headline, because I've never seen anyone use mongo in production, and never ran into any articles talking about using mongo.

are you saying it has become ubiquitous?

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

#15

Is it me..or does Mongo not seem as relevent and 'hip' as it once was... I mean I feel postgres is much more solid, and you can combine some of the aspects of document store via the json data types they added... of course I'm not really a DBA and don't have a lot of Mongo experience ... but personally I feel rdbms make more sense for growth/scaling..

Mongo is no longer as "hip", but it is slowly breaking into the enterprise as people learn the right use cases for it.

And as it matures to meet more cases (e.g. new consensus, storage solutions).

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

#17
I don't understand why everyone is so happy when IPOs go up and make it sound like a good event.

I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

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

#18

I don't understand why everyone is so happy when IPOs go up and make it sound like a good event. I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

Well, the founders’ shares are usually locked up for months after the IPO, right? More like the VC investors and company missed out on some of their money (which is less than 30% for a 30% rise)

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

#19

Is it me..or does Mongo not seem as relevent and 'hip' as it once was... I mean I feel postgres is much more solid, and you can combine some of the aspects of document store via the json data types they added... of course I'm not really a DBA and don't have a lot of Mongo experience ... but personally I feel rdbms make more sense for growth/scaling..

I had a phone screen with a company just a couple of months ago that ran on MongoDB and they were committed to it.

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

#20

I don't understand why everyone is so happy when IPOs go up and make it sound like a good event. I see it as the founders needlessly missing out on 30% of money (in this case), which ends up going in the pockets of the Wall Street middle men that get first access to the stock offering.

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