DigitalOcean sells 12.5M shares at $117.54 to raise $1.5B net, immediately repurchasing $472M principal of convertible notes for $1.47B

Filed July 17, 2026 · ~2 min read

Key Changes

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  DigitalOcean is selling 12,543,915 shares at $117.54/share in a registered direct offering to raise approximately $1.5 billion in net proceeds (after underwriting discount and expenses).

  The Offering verify on EDGAR →
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  The entire $1.5B net proceeds will immediately repurchase $471.8M principal amount of the company's 2030 Convertible Notes for approximately $1.47B (a 3.12x premium to par), leaving no net cash to the company.

  Use of Proceeds verify on EDGAR →
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  The equity offering and convertible note repurchase are cross-conditional: if one transaction does not close, neither will proceed.

  Use of Proceeds verify on EDGAR →