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Datto Holding Priced, NYSE: MSP

Sells a hybrid IT infrastructure platform to managed service providers.

Industry: Technology

Latest Trade: $29.00 0.00 (0.0%)

First Day Return: +0.4%

Return from IPO: +7.4%

Industry: Technology

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. MSPs represent the future of IT management for SMBs. Digital transformation is driving SMB adoption of modern software and technology, while regulatory and data protection requirements and proliferating security threats are increasing the complexity and risk of IT for SMBs. These trends have created an inflection point in SMB adoption of MSPs for IT management. MSPs are equipped with the IT resources and expertise SMBs lack, providing a single source to meet all of an SMB’s IT needs. MSPs are trusted to select, procure, implement and manage software and technology stacks that support their SMB customers’ business needs.
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IPO News for Datto Holding
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IPO Data
IPO File Date 09/29/2020
Offer Price $27.00
Price Range $24.00 - $27.00
Offer Shares (mm) 22.0
Deal Size ($mm) $594
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/20/2020
Offer Price $27.00
Price Range $24.00 - $27.00
Offer Shares (mm) 22.0
Deal Size ($mm) $594
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Norwalk, CT
Founded 2007
Employees 1,653
Website www.datto.com