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MySQL prepping for an IPO

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MySQL, the open source database vendor and a key beneficiary of the Web 2.0 boom is planning to go public, by end of the year, CEO Marten Mickos told the Computer Business Review.

mysql_100x52-64.gifMySQL had raised $18.5 million in series C funding in early 2006 (total $39 million) and Mickos says that half of that capital is unused. The company has started talks with bankers.

Long a favorite of web developers, MySQL saw serious growth in 2006 and added 2,500 new customers, and also introduced MySQL Enterprise. There seems to be a renewed interest in open source IPOs. SourceFire, an open source company is looking to raise $75 million and list on the NASDAQ. There are quite a few others with similar plans. This is not as crazy as the LPO (Linux Public Offering) boom during the 1990s bubble. For starters, the corporations have taken a shine to the open source software.

Secondly, most companies with IPO dreams have been around for a while and have been able to build solid businesses around their offerings. Open Source Weblog has a nice overview of open source public offerings.

10 Responses to “MySQL prepping for an IPO”

  1. My responses to a few of the previous comments.

    MySQL isn’t used just by bloggers. Ever check out a webmaster forum? The overwhelming majority will be using it on custom sites. They (MySQL AB) make their money on ancilliary products and integrating MySQL databases into other software products. And they aren’t going public to get more funding… they want to cash out! At least partially. They have a great business model, and of course they’ll keep it free. That’s how they stay in the catbird seat. They’re not going to charge for it, just so they can be eclipsed by another open source DB after years of building a developer community.

  2. watch out db2…someday, at least. i’m a big mysql fan although i am kind of surprised they still need to take venture funding 5 yrs after being founded. perhaps that’s the capital necessary to turn mysql into a reliable, enterprise-worthy db product.

  3. Jacob Varghese

    I don’t see why people would think that a MySQL IPO would succeed. I thought bloggers made up the the vast majority of MySQL users. MySQL doesn’t charge these guys. They only charge corporations. Companies who could decide to use the same technology they use for other business functions ( SQL Server or Oracle or DB2).

  4. My eyes are lighting up with happiness… Could it be that businesses are focusing on business, with the prospect of going public? It’s about time we seen some REAL action and broke away from the “Please buy my widget, YahGoogSoft!” model.

    Widgets filing for an IPO? Never… Actual services with paying customers? Definitely. I think we’re about to see another mid to late 1990’s all over again, but hopefully without the crash. That’d make me very happy :)