MongoDB IPO Raises $192 Million As Stock Soars On First Trades

Database software company MongoDB (MDB) got a warm welcome to its initial public offering, with shares pricing high and bolting 37.5% on the first trades Thursday.

XAutoplay: On | OffMongoDB, late Wednesday, priced 8 million shares at $24, above the upwardly revised range of $20 to $22. The stock opened at 33 on the stock market today.

Institutional investors showed a strong interest in the IPO, which was in high demand, or "many multiple times oversubscribed," according to IPO research and...

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