Grid Dynamics Prices Follow-On Equity Offering At $15.03 Per Share

Digital transformation company Grid Dynamics Holdings Inc GDYN priced 10.1 million shares at $15.03 per share in a follow-on secondary public offering.
The offer price is at par with the company’s Wednesday closing price.
It includes 6.1 million shares from selling stockholders.
The estimated gross proceeds are $60.12 from 4 million shares.
Grid Dynamics will not receive any proceeds from shares sold by the selling stockholders.
The underwriters a 30-day option to purchase additional shares up to 1.52 million, including 1.47 million shares from Grid Dynamics.
Price action: GDYN shares traded higher by 5.92% at $15.92 on the last check Thursday.

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