Press Release August 09, 2019

Dynatrace Raises $620 Million with IPO

The Technology team advised Dynatrace on its $620 million initial public offering of 38.8 million shares of common stock at $16 per share, including full exercise of the underwriters’ option to purchase additional shares. The offering also included the sale of an aggregate of approximately 2 million shares by certain selling shareholders of the company. The company’s shares began trading on the New York Stock Exchange on August 1, 2019. Backed by private equity firm Thoma Bravo, Dynatrace is listed under the symbol DT.

Dynatrace provides software intelligence to simplify enterprise cloud complexity and accelerate digital transformation. With AI and complete automation, its all-in-one platform provides answers about the performance of applications, the underlying infrastructure and the experience of users.

The Goodwin team was led by partners Ken Gordon, Joseph Theis and Seo Salimi, and included partners Janet Andolina, Sarah Bock and Jennifer Fay, counsel Brian Mukherjee, and associate Kimberley Maruncic, John Quinn, Monica Patel and Christina Bitter.