Grid Dynamics Completes IPO Pricing at $17.50 Per Share, Eyes September Close

Grid Dynamics Holdings, Inc. (NASDAQ: GDYN), a prominent player in enterprise digital transformation services, has finalized the pricing structure for its underwritten public offering. The company will release 5,714,286 shares at $17.50 per share to the public, with the transaction expected to close on September 12, 2022, pending standard closing requirements.

The underwriting syndicate has also received a 30-day option to acquire an additional 857,142 shares at the same price point, potentially expanding the capital raise. J.P. Morgan Securities LLC and William Blair & Company, L.L.C. are jointly managing the offering, while Needham & Company, LLC and Cantor Fitzgerald & Co. serve as co-managers in the transaction.

IPO Details and Distribution Process

Investors interested in obtaining prospectus materials can contact J.P. Morgan Securities LLC via telephone at 1-866-803-9204 or reach out to William Blair & Company, L.L.C. at (800) 621-0687. The offering operates under Grid Dynamics’ existing shelf registration statement on Form S-3 (File No. 333-255732), which received SEC approval on May 13, 2021. All securities distributed through this offering must comply with applicable state and federal securities regulations.

About the Company Behind Grid Dynamics IPO

Grid Dynamics (Nasdaq: GDYN) operates as a digital-native technology services firm specializing in accelerating enterprise growth and competitive positioning for Fortune 1000 corporations. The company’s service portfolio encompasses digital transformation consulting, omnichannel customer experience optimization, advanced data analytics, artificial intelligence solutions, cloud infrastructure migration, and legacy system modernization.

Established in 2006, Grid Dynamics maintains its corporate headquarters in Silicon Valley and operates regional offices spanning the United States, Mexico, the United Kingdom, Netherlands, Switzerland, India, and Central and Eastern European markets. The organization leverages proprietary technology accelerators, agile methodologies, and a geographically distributed engineering workforce to deliver accelerated time-to-market execution with quality assurance.

Forward-Looking Considerations

This announcement contains forward-looking projections regarding the completion timeline and outcomes of the offering. These statements carry inherent risks and uncertainties that may differ materially from actual results. Parties should review Grid Dynamics’ Form 10-Q filing for the second quarter of 2022 and other SEC submissions for comprehensive risk disclosures that could impact the company’s operational and financial performance.

For investor inquiries: investorrelations@griddynamics.com