Norwalk, CT – October 14, 2020 — /BackupReview.info/ — Datto Holding Corp., the leading global provider of cloud-based software and technology solutions purpose-built for delivery by managed service providers (MSPs), today announced the launch of its initial public offering of 22,000,000 shares of its common stock.

Datto also intends to grant the underwriters a 30-day option to purchase up to an additional 3,300,000 shares of common stock from the Company. The initial public offering price is currently expected to be between $24.00 and $27.00 per share. Datto intends to list its common stock on the New York Stock Exchange (NYSE) under the ticker symbol “MSP”.

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.

The offering will be made only by means of a prospectus. Copies of the preliminary 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 these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy them be accepted, prior to the time the registration statement becomes effective. This press release does 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. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

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, Netherlands, Denmark, Germany, Canada, Australia, China, and Singapore.

Media Contact:
Shoba V. Lemoine
communications@datto.com

Investor Contact:
Kelsey Turcotte
kelsey@blueshirtgroup.com

Source: Datto

 

 

 

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