On July 1, 2021, Grid Dynamics, a leader in enterprise-level digital transformation, announced the pricing of an underwritten follow-on public offering of 10,100,262 shares of its common stock, which included 4,000,000 shares offered by Grid Dynamics and 6,100,262 shares offered by certain selling stockholders, at a price to the public of $15.03 per share.  In addition, Grid Dynamics and certain selling stockholders granted the underwriters a 30-day option to purchase up to an additional 1,515,039 shares of common stock, which includes 1,470,039 shares from Grid Dynamics and 45,000 shares from certain selling stockholders. The offering closed on July 6, 2021, with the option to purchase additional shares exercised in full. Grid Dynamics did not receive any proceeds from the sale of the shares by the selling stockholders.

A Wilson Sonsini Goodrich & Rosati team including Katie Martin, Richard Blake, and Ajwang Rading and summer associates Joanna Leung and Isaac Reed represented Grid Dynamics in the transaction.

For more information, please see Grid Dynamics' press release.