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OFFON

COMCAST CORPORATION

(CMCSA)
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Database software company Couchbase valued at nearly $1.2 bln in Nasdaq debut

07/22/2021 | 12:42pm EDT

July 22 (Reuters) - Shares of Couchbase Inc jumped more than 23% in their Nasdaq debut on Thursday, giving the database software company a market capitalization of nearly $1.2 billion.

The shares opened at $29.60, well above $24 at which the company sold roughly 8.34 million shares in it upsized IPO Wednesday.

The company, which raised $200 million in its IPO, had earlier planned to sell 7 million shares priced between $20 and $23 each. It is backed by investors such as GPI Capital, North Bridge Venture Partners and Accel.

Couchbase's software helps customers, including media giant Comcast Corp and e-commerce firm eBay Inc, manage their databases on web and mobile applications through its NoSQL cloud database service.

Reuters reported in March that Couchbase had registered for a stock market listing that could value it as much as $3 billion, citing people familiar with the matter.

The company's market debut comes at a time when demand for data storage, security and processing has surged on a global scale with businesses moving to a remote working model due to the COVID-19 pandemic.

Morgan Stanley and Goldman Sachs were the lead underwriters for the offering. (Reporting by Sohini Podder; Editing by Shinjini Ganguli)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACCEL GROUP HOLDINGS LIMITED -1.21% 1.63 End-of-day quote.-10.44%
COMCAST CORPORATION -0.07% 56.02 Delayed Quote.6.91%
EBAY INC. 1.51% 73.21 Delayed Quote.43.52%
MORGAN STANLEY 2.54% 100.8 Delayed Quote.47.09%
NASDAQ COMP. 1.02% 14896.847191 Real-time Quote.14.42%
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Analyst Recommendations on COMCAST CORPORATION
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Financials (USD)
Sales 2021 115 B - -
Net income 2021 13 360 M - -
Net Debt 2021 88 521 M - -
P/E ratio 2021 19,6x
Yield 2021 1,77%
Capitalization 257 B 257 B -
EV / Sales 2021 3,00x
EV / Sales 2022 2,77x
Nbr of Employees 168 000
Free-Float 83,2%
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Technical analysis trends COMCAST CORPORATION
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 35
Last Close Price 56,02 $
Average target price 66,68 $
Spread / Average Target 19,0%
EPS Revisions
Managers and Directors
Brian L. Roberts Chairman, President & Chief Executive Officer
Michael J. Cavanagh Chief Financial Officer
Jeff Votaw Vice President-Engineering
Candy Lawson Chief Compliance Officer & Senior Vice President
Karen Dougherty Buchholz Executive Vice President-Administration
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