A $1.6 billion startup that's aiming to take business from Oracle just filed to go public (ORCL)

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August 16, 2017 1:52 AM

Database startup MongoDB has filed to go public.

MongoDB, a database startup with over $300 million in venture capital financing, has confidentially filed to go public, reports TechCrunch.

At the time of its last private valuation in 2015, MongoDB was reportedly a $1.6 billion company. The Wall Street Journal reported in May that MongoDB had hired Goldman Sachs and Morgan Stanley to underwrite an IPO.

A change to SEC regulations took effect earlier this summer, allowing any company to confidentially file to go public — a move intended to jump start the IPO market. Previously, this option had only been available to companies under a certain size.

Earlier this year, MongoDB CEO

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