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MongoDB Raises $192 Million in Humongous IPO

Hey Everyone! Thursday was a big day for SaaS as MongoDB went public. The open source database company raised $192 million by hitting the public markets, which is good omen for the rest of the market. After watching consumer tech companies, like Blue Apron, bottom out on the stock exchange, it's comforting to see continued SaaS success. Austin-based, SailPoint Technologies, also announced plans for an IPO this week. Hopefully they follow suit and add to a bullish SaaS market. Have a great week.

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