The company has given the underwriters a 30-day option to buy up to an additional 1,558,441 shares of common stock at the public offering price, minus underwriting discounts and commissions.
The offering size was increased from the previously announced $700 million of common stock. The offering is expected to close on March 26, 2026, subject to customary closing conditions.
DigitalOcean plans to use the net proceeds to invest in additional infrastructure capacity beyond prior plans to support demand for its cloud and AI platform, to reduce its existing Term Loan A, and for general corporate purposes.
During intraday trading, DigitalOcean Holdings, Inc. (NYSE: DOCN) shares rose 1.32 percent to $86.05, up $1.13 from the previous close of $84.92. The stock traded 6.72 million shares, with a 52-week range between $25.45 and $88.00.
 priced an upsized offering of over 10.3 million shares, raising about $800 million.){kind=link}