Cloud Technology

DigitalOcean, which offers cloud computing services and web development tools to SMBs, filed on Thursday with the SEC to raise $100 million in an initial public offering. The company has filed to go public on the New York Stock Exchange under the ticker symbol “DOCN.”

In order to focus on new high-margin businesses, such as cloud services and AI, IBM will split into two public companies. The company's legacy IT infrastructure work will be handled by a new spin-off company.
The split is expected to be completed by the end of 2021 and following IBM's projections the new spin-off company will be the world's "leading managed infrastructure service provider" with around 90,000 employees, while the remaining of the 352,000 current employees will stay with the main company.