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Dynatrace Inc. (DT) Announces Proposed 25M Share Common Offering by Selling Shareholder

February 18, 2020 4:43 PM

Software intelligence company, Dynatrace, Inc. (NYSE: DT), announced today the commencement of an underwritten public offering of 25,000,000 shares of common stock by certain selling stockholders of Dynatrace. Such selling stockholders will also grant the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of Dynatrace’s common stock. Dynatrace will not receive any of the proceeds from the sale of the shares being offered by the selling stockholders but will bear the costs associated with the sale of such shares, other than underwriting discounts and commissions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as joint lead book-running managers for the offering. RBC Capital Markets, LLC, BofA Securities, Barclays Capital Inc., UBS Securities LLC and Jefferies LLC are also acting as book-running managers. Canaccord Genuity LLC, William Blair & Company, L.L.C., BTIG, LLC, JMP Securities LLC, KeyBanc Capital Markets Inc., Raymond James & Associates, Inc. and Academy Securities, Inc. are acting as co-managers.

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