On July 26, 2021, Couchbase, Inc., a provider of a leading modern database for enterprise applications, closed its initial public offering of 9,589,999 shares of its common stock at a public offering price of $24.00 per share, which included the full exercise by the underwriters of their option to purchase an additional 1,250,869 shares of common stock. Aggregate gross proceeds to Couchbase were approximately $230 million, before underwriting discounts, commissions, and estimated offering expenses. Couchbase's common stock is listed on the Nasdaq Global Select Market under the ticker symbol “BASE.” Wilson Sonsini Goodrich & Rosati represented Couchbase in the offering.

Morgan Stanley & Co. and Goldman Sachs & Co. acted as lead book-running managers for the offering. Barclays Capital Inc. and RBC Capital Markets acted as joint book-running managers for the offering. William Blair & Company; Stifel, Nicolaus & Company, Incorporated; Baird; and Oppenheimer & Co. acted as co-managers for the offering.

The Wilson Sonsini team that represented Couchbase in the transaction includes corporate partners Rezwan Pavri, Richard Blake, Andy Hill, and Lang Liu; corporate associates Lester Ang, Annie Kim, Patricia Swen, Gloria Liang, and Katie Barnes; employee benefits and compensation (EB&C) partner Sriram Krishnamurthy; and EB&C associates Matthew Norgard and Jason Chan.

For more information, please see Couchbase’s press release​.