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    INFY   INE009A01021

INFOSYS LIMITED

(INFY)
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Database company Couchbase files for U.S. IPO

06/21/2021 | 09:46am EDT

June 21 (Reuters) - Database software firm Couchbase Inc on Monday registered for a U.S. initial public offering (IPO), according to a regulatory filing, as demand for data storage and processing soars from the remote working wave brought on by the COVID-19 pandemic.

Reuters reported in March that Couchbase could be valued at as much as $3 billion in an IPO, according to people familiar with the matter.

Couchbase helps corporate customers such as Infosys and Emirates manage databases on web and mobile applications through its NoSQL cloud database service.

Founded in 2011, Couchbase has raised $294 million from investors. It last raised $105 million at a valuation of $580 million in May 2020, according to PitchBook data. GPI Capital, North Bridge Venture Partners and Accel are among its backers.

The company had first planned to go public in 2016, after it raised $30 million.

Couchbase's latest listing plans come after Snowflake Inc , a cloud-based data-warehousing company, went public last year at a $33 billion valuation.

Couchbase did not disclose any other details about its listing plans. The number of shares to be sold or the price range for the offering have not been determined yet, the company said in a filing. https://bit.ly/3gGiEM2

The company intends to list its common stock on the Nasdaq under the ticker symbol "BASE".

Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as lead book-running managers for the proposed offering. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Shinjini Ganguli)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ACCEL GROUP HOLDINGS LIMITED 3.50% 1.48 End-of-day quote.-18.68%
INFOSYS LIMITED -0.08% 1602.55 Delayed Quote.27.72%
MORGAN STANLEY -0.35% 96.0978 Delayed Quote.40.87%
SNOWFLAKE INC. -4.72% 256.0398 Delayed Quote.-4.48%
THE GOLDMAN SACHS GROUP, INC. -1.18% 371.01 Delayed Quote.42.54%
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More news
Financials
Sales 2022 1 184 B 15 903 M 15 903 M
Net income 2022 221 B 2 973 M 2 973 M
Net cash 2022 306 B 4 115 M 4 115 M
P/E ratio 2022 30,4x
Yield 2022 2,00%
Capitalization 6 798 B 91 425 M 91 312 M
EV / Sales 2022 5,48x
EV / Sales 2023 4,81x
Nbr of Employees 267 953
Free-Float 84,9%
Chart INFOSYS LIMITED
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Infosys Limited Technical Analysis Chart | INFY | INE009A01021 | MarketScreener
Technical analysis trends INFOSYS LIMITED
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 37
Last Close Price 1 602,55 INR
Average target price 1 757,54 INR
Spread / Average Target 9,67%
EPS Revisions
Managers and Directors
Salil S. Parekh Chief Executive Officer, MD & Executive Director
Mohit Joshi Co-President
Ravi Kumar S. Co-President & Deputy Chief Operating Officer
Nilanjan Roy Chief Financial Officer
Nandan M. Nilekani Non-Executive Chairman
Sector and Competitors
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INFOSYS LIMITED27.72%91 502
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AUTOMATIC DATA PROCESSING, INC.16.96%87 772
SNOWFLAKE INC.-4.48%79 599