MongoDB rose nearly 34 percent on their first day of trading on Thursday in a $192 million IPO.
The technology company listed its stock on the Nasdaq under the symbol "MDB."
MongoDB priced its 8 million-share initial public offering at $24 a share Wednesday night, above the expected range of $20 per share to $22 per share. Shares opened at $33 apiece and closed at $32.07.
Like many high-tech companies, MongoDB has seen explosive revenue growth, posting sales of $101.4 million last year, up from $65.3 million in the year-ago period, and $40.8 million two years prior. MongoDB makes most of its money from software subscriptions and counts more than half of Fortune 100 companies as customers.
But as revenue has grown, profit has not. The firm posted a net loss of $86.7 million last year, wider than the more than $70 million losses in the previous two years. Marketing, research and administrative costs have all risen, according to the company's prospectus.