trending Market Intelligence /marketintelligence/en/news-insights/trending/0q7jxDTFY38oE4zLnzEuog2 content esgSubNav
In This List

Software company Datadog files for IPO

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Blog

Europe: 5 key OTT trends to watch in 202

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Software company Datadog files for IPO

New York-based Datadog Inc. filed for an initial public offering of up to $100.0 million of the company's class A common stock.

The software company, which has not yet specified the number of shares or price range for the IPO, plans to list its class A common stock on the Nasdaq Global Select Market under the symbol DDOG, the company disclosed in an Aug. 23 SEC filing.

The company expects to use net proceeds for general corporate purposes, including working capital, operating expenses and capital expenditures. Datadog said it may also use a portion of the proceeds to buy complementary businesses, products, services or technologies.

Datadog provides a software-as-a-service platform which integrates and automates infrastructure monitoring, application performance monitoring and log management.

For the six months ended June 30, the company generated revenue of $153.3 million, up 79% from $85.4 million in the comparable period.

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