MongoDB soars 33% on its first day of trading - the CEO explains how they plan to beat Oracle and Amazon
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The database company MongoDB listed its stock on the Nasdaq under the symbol MDB. The company priced its IPO at $24 a share, above the expected range of $20 to $22. The shares closed at $32.07 after the first day of trading, more than 30% higher than the IPO price.
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MongoDB CEO Dev Ittycheria sat down with Business Insider at the Nasdaq to discuss the IPO and how the company plans to beat legacy giants like Oracle.
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