Datadog Prices IPO at $19.00-$22.00 Per Share (DDOG)

Datadog (DDOG) expects to raise $492 million in an initial public offering on Thursday, September 19th, IPO Scoop reports. The company will issue 24,000,000 shares at $19.00-$22.00 per share.

In the last year, Datadog generated $266.2 million in revenue and had a net loss of $24.7 million. The company has a market-cap of $5.9 billion.

Morgan Stanley, Goldman Sachs, J.P. Morgan and Credit Suisse acted as the underwriters for the IPO and Barclays, Jefferies, RBC Capital Markets, JMP Securities, Raymond James, Stifel, William Blair and Needham were co-managers.

Datadog provided the following description of their company for its IPO: ”  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. “.

Datadog was founded in 2010 and has 1212 employees. The company is located at 620 8th Avenue, 45th Floor, New York, NY 10018, US and can be reached via phone at (866) 329-4466 or on the web at http://www.datadog.com.

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