DAtto Launches IPO

DAtto Holding Corp. launches its IPO of 22,000,000 shares of its common stock.

It 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 IPO 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 proposed offering. Citigroup, Inc., Jefferies Group LLC, RBC Capital Markets, Evercore ISI, BMO Capital Markets and Macquarie Capital are acting as joint book-running managers, and Mizuho Securities Co. Ltd, William Blair & Company, Ramirez & Co., Inc. and Siebert Williams Shank & Co., LLC are acting as co-managers for the proposed offering.

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