DigitalOcean Holdings, Inc.

DigitalOcean Holdings, Inc. (DOCN) priced its initial public offering on Mar 24, 2021 at $47.00 per share, within its $44.00–$47.00 range, raising $775.5M, and listed on NYSE. At the IPO price its market capitalization was about $4.95B. Morgan Stanley was lead-left underwriter, joined by Goldman Sachs, J.P. Morgan and BofA Securities and others. Cooley advised the company and Latham & Watkins advised the underwriters.

DigitalOcean Holdings, Inc. provides a cloud computing platform with on-demand infrastructure and platform tools for developers, start-ups and small and medium-sized businesses. More than 570,000 individual and business customers, including engineers, researchers, data scientists and students, use it to build, deploy and scale software.

Status

IPO

Ticker

DOCN

Exchange

NYSE

Priced

Mar 24, 2021

IPO price

$47.00

Price range

$44.00–$47.00

Raised

$775.5M

Market cap at IPO price

$4.95B

First filed

Feb 25, 2021

Underwriters

Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, KeyBanc, Canaccord Genuity, Citizens JMP and Stifel

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Technology

Country / state

CO

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.