Dye and Durham management are making an offer to take the tech darling private less than a year after IPO
Dye & Durham shares have already soared more than fivefold since its July 2020 initial public offering.Management at legal-technology company Dye & Durham Ltd. are making a bid to take the company private less than one year after its successful public market debut.
D&D has been on an acquisition spree. In May, it purchased U.K.-based legal data provider Future Climate Info Ltd. for $94 million and U.K.-based property-software company Terrafirma IDC Ltd. for $20 million.Article content The frenzy of M&A activity has fuelled the company’s rapid growth. D&D reported $68.9 million in revenue in its third quarter ending March 31, jumping 300 per cent from the same period a year earlier.