October 17, 2017 / 1:29 PM / 10 months ago

BUZZ-Software co MongoDB bumps IPO price range to $20-$22; order book closes today

** Open-source database platform MongoDB bumps its IPO price range to $20-$22, up from $18-$20, one day ahead of pricing

** MongoDB selling 8 mln shares; co could raise up to $176 mln, achieve market capitalization of ~$1.1 bln if offering prices at top of new range (bit.ly/2yp0fxY)

** Co has over 4,300 customers in 85 countries

** MDB’s net loss widened to $45.8 mln in the six months ended Jul 31, from $45.3 mln, a year earlier. Total revenue rose to $68 mln from $45.1 mln

** Morgan Stanley, Goldman Sachs, Barclays and Allen & Co leading the offering

** IPO order book closes at 4:00 p.m. ET today; deal heavily oversubscribed, according to multiple market sources

** MongoDB scheduled to price its offering on Weds afternoon; stock to debut on the Nasdaq under symbol “MDB” on Thurs

** IPOs, notably tech, remain hot as all three of last week’s deals popped; indeed, online car sales website co CarGurus Inc closed Mon double its IPO price

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