other material
confidence high
sentiment neutral
materiality 0.60
Providence Equity selling 10M shares of DoubleVerify in underwritten secondary offering
DoubleVerify Holdings, Inc.
- Selling stockholders (Providence Equity affiliates) agree to sell 10,000,000 shares of DV common stock.
- Underwriting agreement with Goldman Sachs & Co. LLC; company receives no proceeds from sale.
- Offering represents partial exit by Providence, the largest stockholder; 10M shares ~6% of outstanding.