Dynatrace announced the commencement of an underwritten public offering of 10,000,000 shares of common stock by certain selling stockholders of Dynatrace.
Such selling stockholders will also grant the underwriter a 30-day option to purchase up to an additional 1,500,000 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 registration of such shares, other than underwriting discounts and commissions and other similar expenses.
BofA Securities is acting as the sole underwriter for the offering. BofA Securities may offer the shares of common stock from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.
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