DAtto Announces Final Pricing of IPO at $27 per Share

DAtto Holding Corp. announced the pricing of its IPO of 22,000,000 shares of its common stock at a price to the public of $27.00 per share.

The underwriters have the option to purchase up to an additional 3,300,000 shares of common stock from DAtto at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on The New York Stock Exchange on October 21, 2020, under the ticker symbol MSP.

The offering is expected to close on October 23, 2020, subject to customary closing conditions.

DAtto will receive net proceeds of approximately $549.5 million after deducting underwriting discounts, commissions and estimated offering expenses, and intends to use the net proceeds from the IPO to repay outstanding borrowings under its term loan and revolving credit facilities.

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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