Dynatrace Announces Pricing of Initial Public Offering

WALTHAM, Mass.–(BUSINESS WIRE)–Software intelligence company, Dynatrace, Inc. (NYSE: DT), today announced the pricing of its initial public offering of 35,609,612 shares of common stock at a public offering price of $16.00 per share. The offering consists of 34,000,000 shares offered by Dynatrace and 1,609,612 shares to be sold by certain of Dynatrace’s existing stockholders. In addition, Dynatrace and certain of the selling stockholders have granted the underwriters a 30-day option to purchase up to an additional 4,873,174 shares from Dynatrace and 468,267 shares from certain of the selling stockholders at the public offering price, less underwriting discounts and commissions. The gross proceeds to Dynatrace from the offering, before deducting underwriting discounts and commissions and estimated offering expenses payable by Dynatrace, are expected to be $544.0 million, excluding any exercise of the underwriters’ option to purchase additional shares. The shares are expected to begin trading on the New York Stock Exchange under the ticker symbol “DT” on August 1, 2019. The offering is expected to close on August 5, 2019, subject to customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Citigroup Global Markets Inc. are acting as lead book-running managers for the offering. Barclays Capital Inc., Jefferies LLC, RBC Capital Markets, LLC and UBS Securities LLC are also acting 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. are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained, when available, by contacting the offices of Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone: 1-866-471-2526 or by emailing prospectus-ny@ny.email.gs.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Services, Attention: Prospectus Department, 1155 Long Island Avenue, Edgewood, New York 11717, or via telephone: (866) 803-9204, or via e-mail: prospectus-eg_fi@jpmchase.com; or Citigroup Global Markets Inc., Attention: Prospectus Department, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by phone at (800) 831-9146.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission (the “SEC”) and was declared effective by the SEC on July 31, 2019. Copies of the registration statement can be accessed by visiting the SEC’s website at www.sec.gov. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

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.