• DigitalOcean went public on Wednesday but closed its first day of trading around 10% below its IPO price.
  • The CEO of DigitalOcean says the IPO is a milestone and will continue to invest in his product and community.
  • DigitalOcean competes with cloud giants like Amazon Web Services, but focuses on developers as well as small and medium-sized businesses.
  • You can find more articles on Insider’s business page.

Amazon Web Services’ rival DigitalOcean went public on Wednesday when the company closed its first day of trading around 10% below its original price of $ 47. By the close of trading on Thursday, it had fallen another 1.74%.

DigitalOcean, supported by investors such as Access Industries and Andreessen Horowitz, reached in …



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