On October 20, 2017, MongoDB became a publicly traded company, listed on NASDAQ as MDB with an IPO price of $24 per share. In 2013, 10gen changed its name to MongoDB Inc. In 2009, the company shifted to an open-source development model, with the company offering commercial support and other services. 10gen software company began developing MongoDB in 2007 as a component of a planned platform as a service product.
