19-10-2017 17:42 via feedproxy.google.com

MongoDB skyrockets 30% on its first day of trading (MDB)

Mongo DB jumped more than 30% on its first day of trading.
The company isn't profitable but is working on improving that.
 
MongoDB, a database provider, jumped on its first day of trading.
Shares were up more than 30% after opening for trading on the day of its initial public offering. The company priced its IPO at $24 a share, which was higher than its expected range of $20-$22 per share. It is currently trading at about $29.40.
The company offered 8 million shares in its IPO, and r
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