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Latham & Watkins Advises on DigitalOcean’s Upsized US$920 Million Public Offering of Common Stock
March 30, 2026
Firm represents the underwriters in the offering by the multinational technology company and cloud service provider.
DigitalOcean Holdings, Inc. (NYSE: DOCN), the agentic inference cloud built for production AI, announced the pricing of an upsized underwritten offering (the offering) of 10,389,611 shares of its common stock for total gross proceeds of approximately US$800 million. In addition, the underwriters exercised in full their option to purchase up to an additional 1,558,441 shares of common stock at the public offering price, less the underwriting discounts and commissions. The offering closed on March 26, 2026.
Latham & Watkins LLP represented the underwriters in the offering with a Capital Markets team led by partner Michael Benjamin, with associates Giulia Franzoso, Abdullah Khan, and Sam Berry and assistance from Joseph Robinson.