On cloud nine: Cloud software platform Dynatrace files for a $300 million IPO

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Dynatrace Holdings, which provides a software intelligence platform for the enterprise cloud, filed on Friday with the SEC to raise up to $300 million in an initial public offering.

The Waltham, MA-based company was founded in 2005 and booked $431 million in sales for the 12 months ended March 31, 2019. It plans to list on the NYSE under the symbol DT. Dynatrace Holdings filed confidentially on April 12, 2019. Goldman Sachs, J.P. Morgan and Citi are the joint bookrunners on the deal. No pricing terms were disclosed.

The article On cloud nine: Cloud software platform Dynatrace files for a $300 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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