other material
confidence high
sentiment neutral
materiality 0.65
Grid Dynamics prices $100M public offering of 5.7M shares at $17.50, net proceeds ~$109.5M
GRID DYNAMICS HOLDINGS, INC.
- Offering of 5,714,286 shares at $17.50 per share, closing expected Sept 12, 2022.
- Underwriters' 30-day option for 857,142 additional shares exercised in full.
- Estimated net proceeds of ~$109.5M after underwriting discounts, for general corporate purposes.
- J.P. Morgan and William Blair act as joint book-running managers; Needham and Cantor are co-managers.