The deal range was $76.50-$79.50 and the size of the deal increased to $800M in common stock from $700M in common stock. JPMorgan, Morgan Stanley and BofA acted as joint book running managers for the offering.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DOCN:
- DigitalOcean: Capital Raise Strengthens Balance Sheet and Supports Long-Term Growth, Justifying Buy Rating
- Closing Bell Movers: KB Home slips on earnings miss
- DigitalOcean $700M Spot Secondary; price range $76.50-$79.50
- DigitalOcean down 7% at $79 after $700M common stock offering
- DigitalOcean announces $700M common stock offering