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When did DigitalOcean IPO?

Last updated on September 25, 2022 @ 2:12 pm

DigitalOcean, Inc. (NYSE: DOV) announced on July 20, 2016 that it had filed for an initial public offering (IPO) of its common stock.

The company plans to list its common stock on the New York Stock Exchange under the symbol “DOV.” The offering is expected to commence on or about August 3, 2016, and be completed by August 16, 2016.

DigitalOcean is a cloud computing company that provides customers with access to a global network of data centers. The company offers a range of cloud-based services, including a platform for creating and managing web applications, a platform for deploying and managing applications in the cloud, and a platform for managing data storage in the cloud.

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DigitalOcean was founded in 2011 and has since grown to become one of the largest cloud computing companies in the world. The company has over 1,000 customers, including some of the world’s largest web companies, such as Netflix, Twitter, and Airbnb.

DigitalOcean has a solid track record of growth and profitability. In fiscal year 2016, the company posted revenue of $309.5 million and net income of $37.2 million.

The company has also demonstrated a strong ability to expand its customer base and grow its revenues. In the first nine months of fiscal year 2016, the company added over 190,000 new customers, which accounted for more than half of the company’s total net new customer additions for the year.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.