Datto prices IPO at $27, trades today

Art PostAdmin VIP

Datto Holding (MSP) has priced its initial public offering of 22M shares at $27/share, in line with expected range of $24-27 per share.
Underwriters' over-allotment is an additional 3.3M shares.
The shares are expected to kick off trading today on The New York Stock Exchange.
Offering is expected to close on October 23, 2020.
Net proceeds of ~$549.5M will be used to repay outstanding borrowings under term loan and revolving credit facilities.
Previously: Backup and recovery company Datto seeks up to $594M in IPO (Oct. 14)

https://seekingalpha.com/news/...-ipo-27-trades-today

10/21/2010:24 PM

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