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DigitalOcean, a NASDAQ-listed Company, Announces Issuance of $550 Million Convertible Preferred Notes

Summary: According to Businesswire, DigitalOcean, a NASDAQ-listed company, has announced the issuance of $550 million in convertible preferred notes to qualified institutional buyers. DigitalOcean, a US-based cloud infrastructure provider, offers virtual private servers to software developers and hosts some Ethereum nodes. Previously, in 2020, the company received a $50 million investment from a16z.

According to Businesswire, DigitalOcean, a NASDAQ-listed company, has announced the issuance of $550 million in convertible preferred notes to qualified institutional buyers. DigitalOcean, a US-based cloud infrastructure provider, offers virtual private servers to software developers and hosts some Ethereum nodes. Previously, in 2020, the company received a $50 million investment from a16z.

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Link: DigitalOcean, a NASDAQ-listed Company, Announces Issuance of $550 Million Convertible Preferred Notes [Copy]

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