Database provider MariaDB plunges nearly 40% in NYSE debut after SPAC merger - San Francisco Business Times

MariaDB plc stock plunged nearly 40% on the New York Stock Exchange Monday after the cloud database software provider debuted as the 16th Bay Area business to go public this year in a merger with a blank check company.

MariaDB declined to disclose how much it raised in the deal when asked by the Business Journal, but its market cap at the bottom of its price drop on Monday was about $600 million.

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