Cloud Technology

Business • Markets
DigitalOcean files for a $100 million IPO
Digital Ocean logo
Digital Ocean logo Credit: Digital Ocean

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.”

Business • Economy
IBM will split into two public companies
IBM will split into two public companies
Credit: unsplash.com / Mikita Yo

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.