Couchbase Completes $230 Million IPO

Technology & Services

Couchbase IPO


Summary

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.

About

Couchbase, 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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Technology & Services

Couchbase IPO

Date
August 2021
Company
Couchbase, Inc.
Transaction
Equity Capital Markets
Sectors
Technology & Services
Verticals
Application Software
Human Capital Technology & Solutions
Target Location
North America

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