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MongoDB soars 33% on its first day of trading - the CEO explains how they plan to beat Oracle and Amazon

Sara Silverstein,Kara ChinOct 20, 2017, 03:48 IST

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The database company MongoDB listed its stock on the Nasdaq under the symbol MDB. The company priced its IPO at $24 a share, above the expected range of $20 to $22. The shares closed at $32.07 after the first day of trading, more than 30% higher than the IPO price.

MongoDB CEO Dev Ittycheria sat down with Business Insider at the Nasdaq to discuss the IPO and how the company plans to beat legacy giants like Oracle.