On September 8, 2022, Grid Dynamics, a leader in enterprise-level digital transformation, announced the pricing of an underwritten public offering of 5,714,286 shares of its common stock at a price to the public of $17.50 per share pursuant to an effective Registration Statement on Form S-3 filed with the U.S. Securities and Exchange Commission. In addition, Grid Dynamics has granted the underwriters a 30-day option to purchase up to an additional 857,142 shares of its common stock.

The gross proceeds from the offering, before deducting underwriting discounts and commissions and estimated offering expenses, are expected to be approximately $115 million. The offering is expected to close on or about September 12, 2022, subject to customary closing conditions.

The Wilson Sonsini that represented Grid Dynamics in the transaction includes Katie Martin, Richard Blake, Helen Qi, and Will Andrews.

For more information, please see Grid Dynamics' press release.