Datto Raises $594 Million in its IPO
NORWALK, Conn., 21st Oct 2020-- Datto Holding Corp (NYSE: MSP) the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers announced the pricing of its initial public offering of 22 million shares of its common stock at a price to the public of $27 per share.
The underwriters have the option to purchase up to an additional 33 million shares of common stock from Datto at the initial public offering price, less underwriting discounts and commissions.
The shares start trading today on NYSE under the ticker symbol “MSP” raised $594 million in an initial public offering. The offering is expected to close on October 23, 2020, subject to customary closing conditions.
Datto will receive net proceeds of approximately...