DigitalOcean Holdings Inc DOCN

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DigitalOcean Holdings, Inc. provides a cloud computing platform offering on-demand infrastructure, a platform and software tools for startups and growing technology businesses. The Company’s platform simplifies cloud computing, enabling its customers to rapidly accelerate and increase their productivity and agility. The Company offers mission-critical solutions across Infrastructure-as-a-Service (IaaS), including Droplet virtual machines, storage and networking offerings; Platform-as-a-Service (PaaS), including Managed Database and Managed Kubernetes offerings; Software-as-a-Service (SaaS), including Managed Hosting and Marketplace offerings; and artificial intelligence and machine learning (AI/ML), including Machines, Notebooks and Deployments offerings. With its mission-critical infrastructure and fully managed offerings, it helps developers at startups and growing digital businesses rapidly build, deploy and scale, whether creating a digital presence or building digital products.

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DigitalOcean Holdings Inc

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Post by AwareInvestoron Mar 24, 2021 12:56pm

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Post# 32867082

DigitalOcean: The IPO Deep Dive

DigitalOcean is a cloud infrastructure provider, with its headquarters located in New York City, USA, and data centers located all around the globe. The company is presently headed by its current CEO, Yancey Spruill, a former executive at SendGrid, a communication platform for transactional and email marketing.

Presently, DigitalOcean Holdings Inc is aiming for a valuation of nearly $5 billion for its U.S. initial public offering (IPO) this week. The company is looking to raise as much as $775.5 million through an offering of 16.5 million shares.

https://thedeepdive.ca/digitalocean-the-ipo-deep-dive/

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