DOCN News

In a turbulent week for the IPO market, 17 IPOs and 20 SPACs went public, and one company postponed, defense contractor Leonardo DRS (DRS). While returns cooled off, with just over half of the week’s IPOs finishing below issue, there were a few bright spots, led by biotechs Design Therapeutics (DSGN) and Ikena Oncology...read more

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...read more

Updated Monday, 3/22. 15 IPOs are currently scheduled to raise $5.7 billion in the week ahead as IPO activity continues to pick up. The diverse group spans six sectors and includes cleaning products, defense technology, low-cost TVs, crafting machines, and more. Cleaning products maker Diversey Holdings (DSEY) plans to raise $900 million at a $5...read more

DigitalOcean, which offers cloud computing services and web development tools to SMBs, announced terms for its IPO on Monday. The New York, NY-based company plans to raise $751 million by offering 16.5 million shares at a price range of $44 to $47. Tiger Global and insider Access Industries intend to purchase $175 million worth of shares in the offering. At the midpoint of the...read more