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Dynatrace Files for IPO
Dynatrace has filed for an IPO. IT professionals making APM purchasing decisions may benefit from the increased transparency when Dynatrace goes public.
On July 5, leading APM vendor Dynatrace announced that it had filed a form with the SEC moving toward a proposed initial public offering (IPO).
- Dynatrace is working with major US investment banks
- The intended IPO will be offered through prospectus only
- Dynatrace has applied to be listed on the NYSE under the ticker “DT”
- Dynatrace did not announce the price or size of the proposed issue
Source: Dynatrace at SoftwareReviews, Report Published June 2019
Many leading software companies remain privately held for many years before going public. When a company is privately held, prospective customers generally have less accessible information about the company’s financial strength and its business strategy.
Public companies in the US must follow strict reporting requirements for their financial reports and make these reports publicly available.
IT professionals making APM purchasing decisions may benefit from the information provided by this greater transparency after Dynatrace goes public.
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