09:27 AM EDT, 03/25/2026 (MT Newswires) -- DigitalOcean ( DOCN ) said Wednesday it priced an upsized underwritten public offering of about 10.4 million shares of its common stock for gross proceeds of roughly $800 million.

The company said it granted the underwriters a 30-day option to purchase up to an additional 1.6 million shares.

The offering is expected to close on Thursday, the company said.

DigitalOcean ( DOCN ) said it intends to use the net proceeds to investment in additional infrastructure capacity supporting customer demand for its cloud/AI platform and to pay down its existing term loan A, as well as for general corporate purposes.