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July 12, 2021, 6:33 a.m. EDT

Couchbase to offer 7 million shares in IPO priced at $20 to $23 each

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By Ciara Linnane


Couchbase Inc. /zigman2/quotes/228069022/composite BASE +7.39% , a provider of a database for enterprise applications, set terms for its initial public offering on Monday, with plans to offer 7 million shares, priced at $20 to $23 each. The company has applied to list on Nasdaq, under the ticker 'BASE.' There are eight banks underwriting the deal, led by Morgan Stanley and Goldman Sachs. Proceeds of the deal will be used for general corporate purposes, and my include paying down debt. The company had a net loss of $16.1 million in the quarter ended April 30, wider than the loss of $11.4 million posted in the year-earlier period. Revenue rose to $27.9 million from $23.0 million. "Our mission is to empower enterprises to build, manage and operate modern mission-critical applications at the highest scale and performance," the company says in its IPO filing documents.

US : U.S.: Nasdaq
$ 13.51
+0.93 +7.39%
Volume: 313,021
May 17, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$555.68 million
Rev. per Employee

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