IPO Update: Couchbase Prepares $151 Million IPO

Jul. 14, 2021 2:52 PM ETCouchbase, Inc. (BASE) StockBASE

Summary

  • Couchbase has filed proposed terms for a $151 million U.S. IPO.
  • The firm sells its database-as-a-service platform service to enterprises worldwide.
  • BASE has grown top line revenue and gross profit but is producing high and increasing operating losses with no path to operating breakeven, so I'll watch the IPO from the sidelines.
  • Looking for more investing ideas like this one? Get them exclusively at IPO Edge. Learn More »
Business Analytics and Data Management System <span class=
NicoElNino/iStock via Getty Images

Quick Take

Couchbase (NASDAQ:BASE) has filed to raise $151 million from the sale of its common stock in an IPO, according to an amended registration statement.

The company provides enterprises with database-as-a-service technologies.

BASE is growing top line revenue and

Gain Insight and actionable information on U.S. IPOs with IPO Edge research.

Members of IPO Edge get the latest IPO research, news, and industry analysis.

Get started with a free trial!

This article was written by

21.03K Followers

Donovan Jones is a research specialist with 15 years of experience identifying opportunities for IPOs and public software companies.

He also leads the investing group IPO Edge, which offers actionable information on growth stocks through first-look IPO filings, previews on upcoming IPOs, an IPO calendar for tracking what’s on the horizon, a database of U.S. IPOs, and a guide to IPO investing to walk you through the entire IPO lifecycle - from filing to listing to quiet period and lockup expiration dates.

Learn more

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

My research is focused on identifying quality IPO companies at a reasonable price. I analyze fundamental company performance and my conclusions may not be relevant for first-day or early IPO trading activity, which can be highly volatile and unrelated to company fundamentals. This report is intended for educational purposes only and is not financial, legal or investment advice.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

About BASE Stock

SymbolLast Price% Chg
Market Cap
PE
Yield
Rev Growth (YoY)
Short Interest
Prev. Close
Compare to Peers

More on BASE

Related Stocks

SymbolLast Price% Chg
BASE
--