Datto Holding Corp.
General Information | |
Business: | (*Datto was priced at $27 – the top of its $24-to-$27 range – on 22 million shares on 10/20/20. Opened on 10/21/20 at $32, up 18.5 percent from its IPO price.) From the prospectus: Our mission is to create enterprise-grade technology for small and medium businesses delivered through our growing, global network of managed service provider partners. Datto is the leading provider of cloud-based software and technology solutions purpose-built for delivery through the managed service provider, or MSP, channel to small and medium businesses, or SMBs. Our platform enables our 17,000 MSP partners to manage and grow their businesses serving the SMB information technology, or SMB IT, market. Our platform also combines mission-critical cloud-based software, technologies and security solutions that MSPs sell to SMBs, business management software to help MSPs scale their own businesses and marketing tools, content, training and industry-leading events that cultivate an empowered and highly engaged MSP partner community. |
Industry: | PREPACKAGED SOFTWARE |
Employees: | 1600 |
Founded: | 2007 |
Contact Information | |
Address | 101 Merritt 7 Norwalk, CT 06851 |
Phone Number | 888-995-1431 |
Web Address | http://www.datto.com |
View Prospectus: | Datto Holding Corp. |
Financial Information | |
Market Cap | $4018.8mil |
Revenues | $493.0 mil (last 12 months) |
Net Income | $4.6 mil (last 12 months) |
IPO Profile | |
Symbol | MSP |
Exchange | NYSE |
Shares (millions): | 22.0 |
Price range | $27.00 - $27.00 |
Est. $ Volume | $594.0 mil |
Manager / Joint Managers | Morgan Stanley/ BofA Securities/ Barclays/ Credit Suisse |
CO-Managers | Citigroup/ Jefferies/ RBC Capital Markets/ Evercore/ BMO Capital Markets/ Macquarie Capital/ Mizuho Securities/ William Blair/ Ramirez & Co./ Siebert Williams Shank |
Expected To Trade: | 10/21/2020 |
Status: | Priced |
Quiet Period Expiration Date: | Available only to Subscribers |
Lock-Up Period Expiration Date: | Available only to Subscribers |
SCOOP Rating | Available only to Subscribers |
Rating Change | Available only to Subscribers |