Datto Holding (MSP) IPO Opens 19% Higher

Today's IPO for Datto Holding Corp., (NYSE: MSP) opened for trading at $32 after pricing 22,000,000 shares of its common stock at a price to the public of $27.00 per share.

The underwriters have the option to purchase up to an additional 3,300,000 shares of common stock from Datto at the initial public offering price, less underwriting discounts and commissions.

Morgan Stanley, BofA Securities, Barclays and Credit Suisse are acting as lead book-running managers for the offering. Citigroup, Jefferies, RBC Capital Markets, Evercore ISI, BMO Capital Markets and Macquarie Capital are acting as joint book-running managers, and Mizuho Securities, William Blair, Ramirez & Co., Inc. and Siebert Williams Shank are acting as co-managers for the offering.

As the world’s leading provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers (MSPs), Datto believes there is no limit to what small and medium businesses can achieve with the right technology. Datto offers Unified Continuity, Networking, and Business Management solutions and has created a unique ecosystem of MSP partners. These partners provide Datto solutions to over one million businesses across the globe. Since its founding in 2007, Datto has won awards for its rapid growth, product excellence, superior technical support, and for fostering an outstanding workplace. With headquarters in Norwalk, Connecticut, Datto has global offices in the United Kingdom, Netherlands, Denmark, Germany, Canada, Australia, China, and Singapore.

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