<p>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.</p>.<p>The shares opened at $29.60, well above $24 at which the company sold roughly 8.34 million shares in it upsized IPO Wednesday.</p>.<p>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.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/jpmorgan-to-give-all-wealth-clients-access-to-crypto-funds-1011681.html" target="_blank">JPMorgan to give all wealth clients access to crypto funds </a></strong></p>.<p>Couchbase's software helps customers, including media giant Comcast Corp and ecommerce firm eBay Inc, manage their databases on web and mobile applications through its NoSQL cloud database service.</p>.<p><em>Reuters</em> 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.</p>.<p>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.</p>.<p>Morgan Stanley and Goldman Sachs were the lead underwriters for the offering. </p>
<p>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.</p>.<p>The shares opened at $29.60, well above $24 at which the company sold roughly 8.34 million shares in it upsized IPO Wednesday.</p>.<p>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.</p>.<p><strong>Read more: <a href="https://www.deccanherald.com/business/jpmorgan-to-give-all-wealth-clients-access-to-crypto-funds-1011681.html" target="_blank">JPMorgan to give all wealth clients access to crypto funds </a></strong></p>.<p>Couchbase's software helps customers, including media giant Comcast Corp and ecommerce firm eBay Inc, manage their databases on web and mobile applications through its NoSQL cloud database service.</p>.<p><em>Reuters</em> 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.</p>.<p>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.</p>.<p>Morgan Stanley and Goldman Sachs were the lead underwriters for the offering. </p>