Couchbase Completes $230 Million IPO
Couchbase, Inc. (“Couchbase” or the “Company”) (NASDAQ: BASE), recently completed an initial public offering of 9,589,999 common stock, including the exercise in full of the underwriters' option to purchase 1,250,869 additional shares of common stock at a price of $24.00 per share, generating gross proceeds of approximately $230 million. The Company intends to use the net proceeds from the offering for general corporate purposes, including working capital, operating expenses and capital expenditures.
Baird served as a co-manager on this offering.
AboutCouchbase, Inc. provides a leading modern database for enterprise applications. Enterprises rely on Couchbase to power the core applications their businesses depend on, for which there is no tolerance for disruption or downtime. The database is versatile and works in multiple configurations, from cloud to multi- or hybrid-cloud to on-premise environments to the edge, and can be run by the customer or managed by Couchbase. The Company has architected their database on the next-generation flexibility of NoSQL, embodying a “not only SQL” approach. Couchbase combines the schema flexibility unavailable with legacy databases with the power and familiarity of the SQL query language, the lingua franca of database programming, into a single, unified platform. The cloud-native platform provides a powerful modern database that serves the needs of both enterprise architects and application developers. Couchbase is headquartered in Santa Clara, California.
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- August 2021
- Couchbase, Inc.
- Equity Capital Markets
- Technology & Services
Human Capital Technology & Solutions
- Target Location
- North America
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