DigitalOcean: Sentiment Victim

10:33am, Sunday, 28'th Mar 2021
DigitalOcean seems like a decent play on the rise of cloud computing for SMEs. I like the very steady growth, break-even being achieved already and relatively reasonable forward sales multiples.
The DigitalOcean IPO has been one that has gotten off to a rocky start, as investors appear willing to wait to see how DOCN stock performs. The post DigitalOcean IPO: 10 Things to Know as DOCN Stock S
DigitalOcean delivered 25% growth in 2020, but the company has not built up a large cache of revenue for services it will provide to customers in the future.
DigitalOcean Holdings Inc. started its public life under water, as the cloud computing company's stock opened 11.7% below its initial public offering price. The stock's first trade was at $41.50 at 12

DigitalOcean CEO on the company's IPO

12:42pm, Wednesday, 24'th Mar 2021
Yancey Spruill, CEO of DigitalOcean, joins "Squawk Alley" to discuss the company's growth and IPO.
DigitalOcean Holdings Inc. said its initial public offering priced at $47 a share late Tuesday, the high end of its proposed price range, with the New York-based cloud computing company offering 16.5
NEW YORK--(BUSINESS WIRE)--DigitalOcean, the cloud for developers, startups and SMBs, today announced the pricing of its initial public offering of 16,500,000 shares of common stock at a price to the
12 IPOs are currently scheduled to raise $5.2 billion in the week ahead as IPO activity continues to pick up. The diverse group spans six sectors and includes cleaning products, defense technology, lo
Let's explore both companies' pricing intervals through our usual lens of revenue multiples, market comps and general sass.
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