MSP News

Updated Monday, 11/16. US IPO market activity is picking back up ahead of the Thanksgiving holiday, with seven IPOs scheduled to raise $3.6 billion in the week ahead.  Biotech research product provider Maravai LifeSciences (MRVI) plans to raise $1.3 billion at a $6.6 billion market cap. Maravai provides critical products to enable...read more

Five IPOs and 17 SPACs went public this past week. While new filing activity has slowed as the election approaches, four IPOs and four SPACs submitted initial filings. Leading security software provider McAfee (MCFE) priced slightly below the midpoint to raise $740 million at a $9.4 billion market cap. Taken private by Intel in 2011, McAfee provides...read more

Datto Holding, which sells a hybrid IT infrastructure platform to managed service providers, raised $594 million by offering 22 million shares at $27, the high end of the range of $24 to $27. Datto Holding plans to list on the NYSE under the symbol MSP. Morgan Stanley, BofA Securities, Barclays, Credit Suisse, Citi, Jefferies, RBC Capital Markets, Evercore ISI, BMO Capital Markets...read more

Updated Monday, 10/19. Five IPOs and two SPACs are expected to raise $2.1 billion in the week ahead, led by leading cybersecurity brand McAfee (MCFE). Taken private by Intel in 2011, McAfee (MCFE) plans to raise $759 million at a $9.6 billion market cap in its return to the public market. McAfee provides integrated security...read more