WALTHAM, Mass.--(BUSINESS WIRE)--Software intelligence company, Dynatrace, Inc. (NYSE: DT), today announced the closing of its initial public offering of 40,951,053 shares of common stock at a public offering price of $16.00 per share, which includes the full exercise of the underwriters’ option to purchase 5,341,441 additional shares of common stock at the public offering price. The offering consisted of 38,873,174 shares offered by Dynatrace and 2,077,879 shares offered by certain of Dynatrace’s existing stockholders. The gross proceeds to Dynatrace from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Dynatrace, were $622.0 million. The shares commenced trading on the New York Stock Exchange under the ticker symbol “DT” on August 1, 2019.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. acted as lead book-running managers for the offering. Barclays Capital Inc., Jefferies LLC, RBC Capital Markets, LLC and UBS Securities LLC also acted as book-running managers. KeyBanc Capital Markets Inc., William Blair & Company, L.L.C., Canaccord Genuity LLC, JMP Securities LLC and Macquarie Capital (USA) Inc. acted as co-managers.

About Dynatrace 

Dynatrace provides software intelligence to simplify enterprise cloud complexity and accelerate digital transformation. With AI and complete automation, Dynatrace’s all-in-one platform provides answers, not just data, about the performance of applications, the underlying infrastructure and the experience of all users.