MongoDB Announces Pricing of Upsized $250 Million Convertible Senior Notes Offering
The aggregate principal amount of the offering was increased from the previously announced offering size of $200 million.
- The aggregate principal amount of the offering was increased from the previously announced offering size of $200 million.
- MongoDB also granted the initial purchasers of the notes an option to purchase up to an additional $50 million principal amount of notes.
- MongoDB estimates that the net proceeds from the offering will be approximately $241.8 million (or $290.4 million if the initial purchasers exercise their option to purchase additional notes in full), after deducting the initial purchasers' discount and estimated offering expenses payable by MongoDB.
- The MongoDB database platform has been downloaded over 35 million times and there have been more than 850,000 MongoDB University registrations.