Datadog (DDOG) IPO Opens 49% Higher

Today's IPO for Datadog, Inc. (NASDAQ: DDOG) opened for trading at $40.35 after pricing 24,000,000 shares of its Class A common stock at a price to the public of $27.00 per share.

Overnight, reports surfaced that Cisco (NASDAQ: CSCO) recently tried to acquire Datadog for more than $7 billion, but was rebuffed.

In addition, Datadog has granted the underwriters a 30-day option to purchase up to 3,600,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Credit Suisse Securities (USA) LLC are acting as joint lead book-running managers for the offering. Barclays Capital Inc., Jefferies LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering. JMP Securities LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Incorporated, William Blair & Company, L.L.C. and Needham & Company, LLC are acting as co-managers for the offering.

Datadog is the monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. Our SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of our customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations and business teams, accelerate time to market for applications, reduce time to problem resolution, understand user behavior and track key business metrics.

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