Datto Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares
Datto Holding Corp. (NYSE: MSP) announced that underwriters exercised their option to purchase an additional 3,300,000 shares at $27.00 each during its recent IPO. This brings total shares issued to 25,300,000, generating net proceeds of $641.6 million after expenses. The IPO involved key financial institutions, including Morgan Stanley and BofA Securities. Datto, a leader in cloud-based technology solutions for managed service providers, has expanded its offerings to support over a million businesses globally.
- Successful IPO raising $641.6 million in net proceeds.
- Total shares issued increased to 25,300,000 due to strong demand.
- None.
NORWALK, Conn.--(BUSINESS WIRE)--Datto Holding Corp. (“Datto”) (NYSE: MSP), the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers (MSPs), today announced that on November 3, 2020, the underwriters of the previously announced initial public offering of 22,000,000 shares of its common stock exercised in full their option to purchase up to an additional 3,300,000 shares of common stock from Datto at the initial public offering price of
Morgan Stanley, BofA Securities, Barclays and Credit Suisse acted as lead book-running managers for the offering. Citigroup, Jefferies, RBC Capital Markets, Evercore ISI, BMO Capital Markets and Macquarie Capital acted as joint book-running managers, and Mizuho Securities, William Blair, Ramirez & Co., Inc. and Siebert Williams Shank acted as co-managers for the offering.
The offering of these securities was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attn: Prospectus Department; BofA Securities, Inc., 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, Attn: Prospectus Department, or by email: dg.prospectus_requests@bofa.com; Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by email: barclaysprospectus@broadridge.com; or Credit Suisse Securities (USA) LLC, Attn: Credit Suisse Prospectus Department, 6933 Louis Stephens Drive, Morrisville, NC 27560, by telephone at 1-800-221-1037, or by email: usa.prospectus@credit-suisse.com.
A registration statement relating to the sale of these securities was filed with, and declared effective by the Securities and Exchange Commission on October 20, 2020. Copies of the registration statement can be accessed through the Securities and Exchange Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Datto
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, the Netherlands, Denmark, Germany, Canada, Australia, China, and Singapore.
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