$DOCN (-5.6% pre) DigitalOcean plans $500 million convertible notes offering due 2030 https://t.co/QJXOsX3i4W
$UPST 68.76 down 5 announced its intention to offer, subject to market conditions and other factors, $500,000,000 aggregate principal amount of Convertible Senior Notes due 2032
$UPST Upstart Announcing Proposed Private Offering of $500 Mln of Convertible Senior Notes Due 2032
DigitalOcean Holdings Inc. said it intends to raise $500 million through a private placement of convertible senior notes maturing in 2030. The cloud-computing firm plans to sell the securities to qualified institutional buyers, with pricing and other terms to be determined by market conditions. Its shares fell about 5.6% in pre-market trading after the announcement. Consumer-lending platform Upstart Holdings Inc. separately disclosed a proposal to issue $500 million of convertible senior notes due in 2032, also via a private offering to institutional investors. Upstart’s stock last traded at $68.76, roughly $5 lower on the session, after the company released its plans.
