DigitalOcean (DOCN) IPO Opens 12% Lower

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DigitalOcean Announces Pricing of Initial Public Offering

March 23, 2021 7:19 PM EDT

NEW YORK--(BUSINESS WIRE)-- DigitalOcean, the cloud for developers, startups and SMBs, today announced the pricing of its initial public offering of 16,500,000 shares of common stock at a price to the public of $47.00 per share.

The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol DOCN on March 24, 2021, and the offering is expected to close on March 26, 2021, subject to customary closing conditions.

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... More