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Tuesday, January 31, 2023

DigitalOcean Declares Pricing of Initial Public Offering

DigitalOcean has declared the pricing of its initial offering of 16,500,000 shares of common stock. The firm has set the price of $47.00 per share. DigitalOcean has commenced trading on March 24, 2021, under the symbol “DOCN”.

The firm has disclosed that the initial public offering will be anticipated to end on March 26, 2021, dependent on certain conditions. DigitalOcean revealed that the lead book-running managers for the proposed offering are J.PP. Morgan, Morgan Stanley, and Goldman Sachs & Co. LLC.

The joint book-running managers for the offering are BofA Securities, KeyBanc Capital Markets, and Barclays. Stifel, JMP Securities, and Canaccord Genuity are working as co-managers for the planned offering. A registration statement concerning the sale of these securities has been submitted with and proclaimed valid by the U.S. SEC.

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