DigitalOcean, which offers cloud computing services and web development tools to SMBs, raised $776 million by offering 16.5 million shares at $47, the high end of the range of $44 to $47. Tiger Global and existing shareholder Access Industries had indicated on an aggregate of $175 million of the IPO.
DigitalOcean plans to list on the NYSE under the symbol DOCN. Morgan Stanley, Goldman Sachs, J.P. Morgan, BofA Securities, Barclays, and KeyBanc Capital Markets acted as lead managers on the deal.
