Home Banking & Finance Datto launches IPO

Datto launches IPO

Datto Inc., a Norwalk-based provider of cloud-based software and technology products delivered through managed service providers, has announced the launch of its initial public offering.

The company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for the IPO two weeks ago. The IPO will make 22 million shares of Datto common stock available, and the company intends to grant the underwriters a 30-day option to purchase up to an additional 3.3 million shares of common stock.

The IPO price is expected to be between $24 and $27 per share and Datto will be listed on the New York Stock Exchange under the ticker symbol “MSP.”

Datto was founded in 2007 by software programmer Austin McChord and was acquired 10 years later by Autotask, a Vista portfolio company that provides cloud-based IT business management platform solutions. Datto operates offices in the Canada, the U.K., Netherlands, Denmark, Germany, Australia, China and Singapore.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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