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Home > Cloud Computing > DigitalOcean announces pricing for IPO

DigitalOcean announces pricing for IPO

DigitalOcean announced the pricing of its IPO offering of 16,500,000 shares at a price to the public of $47.00 per share.

Erdem Yasar by Erdem Yasar
March 26, 2021
in Cloud Computing
2 min read
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DigitalOcean announces pricing for IPO
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The cloud for developers, startups, and SMBs, DigitalOcean announced the pricing of its IPO of 16,500,000 shares of common stock at a price to the public of $47.00 per share. The company stated that the shares are expected to begin trading New York Stock Exchange under the ticker symbol “DOCN”. The offering will be closed on March 26, subject to customary closing conditions.

$47.00 per share

 

Yancey Spruill, CEO, DigitalOcean
Yancey Spruill, CEO, DigitalOcean

Morgan Stanley, Goldman Sachs & Co. LLC, and J.P. Morgan are acting as lead book-running managers for the proposed offering. BofA Securities, Barclays, and KeyBanc Capital Markets are acting as joint book-running managers for the offering. Canaccord Genuity, JMP Securities, and Stifel are acting as co-managers for the proposed offering. Yancey Spruill, CEO, DigitalOcean, said,

“Today is a proud day for all of us here at DigitalOcean. It’s also a tremendously exciting day for our customers and community. We are now officially listed on the New York Stock Exchange as a publicly-traded company (NYSE: DOCN). While the IPO is an incredible milestone, I promise this is only the beginning of our journey together.

I would like to express my deepest gratitude to all of you. We could not have gotten to where we are today without the dedication of our employees, the trust of our customers, and the support of our community. It is an honor to be the CEO of this remarkable organization and a responsibility I do not take lightly.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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