MongoDB told SEC it had 'tremendous uncertainty' about going public

CNBC| Thu Nov 16 13:00:09 EST 2017
Two and a half months before MongoDB revealed plans to go public, its board members still faced "tremendous uncertainty" about going public, and weren't sure if the company would go public this year or later, according to a newly posted regulatory filing. As late as July 13, 2017, "there was still tremendous uncertainty as to whether the Company would complete an IPO in 2017, in 2018 or beyond," Babak Yaghmaie, a partner with law firm Cooley LLP, wrote in the letter. Part of that uncertainty stemmed from not knowing the company's financial results for the quarter that would end on July 31, Yaghmaie noted. The company ended up filing to go public on September 21, and started trading on Octobe..

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