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9 October 2017

MongoDB modifies IPO terms

The open-source database platform developer will raise $160m if it floats at the top of its range, with Intel, Dell, Red Hat and Salesforce set to exit.

Author: Robert Lavine, News Editor

MongoDB, the US-based database software producer backed by corporates Salesforce, Intel, Dell and Red Hat, set the terms on Friday for an initial public offering that could raise up to $160m.