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Stock impact report

Grid Dynamics Announces Proposed Public Offering

Grid Dynamics Holdings, Inc. - Class A (GDYN) 
Company Research Source: Business Wire
SAN RAMON, Calif.--(BUSINESS WIRE)--Grid Dynamics Holdings, Inc. (NASDAQ:GDYN) (“Grid Dynamics”), a leader in technology consulting, platform and product engineering, AI, and digital engagement services, today announced the launch of a proposed underwritten public offering of 5,000,000 shares of its common stock. All of the shares to be sold in the offering are to be sold by Grid Dynamics. In addition, Grid Dynamics expects to grant the underwriters a 30-day option to purchase up to 750,000 additional shares of its common stock. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.J.P. Morgan Securities LLC, William Blair & Company, L.L.C. and TD Cowen are acting as joint book-running managers for the offering. Needham & Company is acting as a co-manager for the offering.The shares are being offered by Grid Dynamics pursuant to an automatic shelf regist Show less Read more
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