Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Algosun Global

Equity Capital Markets

Digitalocean Holdings / Equity Capital Markets

<p>DigitalOcean, a developer-friendly provider of cloud computing services, set terms for an IPO and intends to sell 16.5 million shares at expected price range of $44-$47 per share. Tech unicorn has ~573 000 customers in more than 185 countries and targets specific segment of the cloud market: developers, startups and SMBs. Number of developers to grow from 19 million to 45 million by 2030, according to SlashData and there are 100 million SMBs globally.</p><p>DigitalOcean has raised ~$456 million in funding over 13 rounds, according to Crunchbase. Cloud computing unicorn was backed by leading venture capital firms Access Industries, Andreessen Horowitz, IA Ventures and Viaduct Ventures. We expect net proceeds from the offering may reach ~$700 million and funds affiliated with Tiger Global Management and AI Droplet Subsidiary LLC have indicated an interest in purchasing an aggregate of up to a maximum of $175 million in shares in this offering at the IPO price. Morgan Stanley, Goldman Sachs and J.P. Morgan are the lead underwriters.  </p>

DigitalOcean, a developer-friendly provider of cloud computing services, set terms for an IPO and intends to sell 16.5 million shares at expected price range of $44-$47 per share. Tech unicorn has ~573 000 customers in more than 185 countries and targets specific segment of the cloud market: developers, startups and SMBs. Number of developers to grow from 19 million to 45 million by 2030, according to SlashData and there are 100 million SMBs globally.DigitalOcean has raised ~$456 million in funding over 13 rounds, according to Crunchbase. Cloud computing unicorn was backed by leading venture capital firms Access Industries, Andreessen Horowitz, IA Ventures and Viaduct Ventures. We expect net proceeds from the offering may reach ~$700 million and funds affiliated with Tiger Global Management and AI Droplet Subsidiary LLC have indicated an interest in purchasing an aggregate of up to a maximum of $175 million in shares in this offering at the IPO price. Morgan Stanley, Goldman Sachs and J.P. Morgan are the lead underwriters.  

DigitalOcean IPO. Niche Cloud Provider With Ambitious Growth Strategies