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DAtto Public in $594 Million IPO

Stock mumps 20% before falling back.

The New York Stock Exchange (NYSE), a wholly-owned subsidiary of Intercontinental Exchange, welcomed DAtto Holding Corp. to the NYSE after it opened for trading under the ticker symbol MSP, following its IPO.

DAtto is a provider of cloud-based software and technology solutions purpose-built for delivery by MSPs.

CEO Tim Weller and founder Austin McChord, accompanied by members of the company’s team, celebrated this public debut by ringing the NYSE Opening Bell.

Datto Public $594 Million Ipo

The NYSE is delighted to welcome DAtto to our growing community of the world’s most innovative technology companies,” said John Tuttle, NYSE group vice chairman and chief commercial officer. “We congratulate the DAtto team on its IPO, and we are proud to mark this exciting new chapter for the company and its shareholders.”

This is a monumental day for DAtto and the entire MSP market,” said Tim Weller, CEO, DAtto. “The team is excited to take the company to the next level after years of hard work building our business with the help of our partners. Our focus on mission-critical technology for MSPs positions us well to help them take part in this growing, global opportunity.”

Read also:
DAtto Announces Final Pricing of IPO at $27 per Share
October 21, 2020 | Press Release
DAtto Launches IPO
At $24-27 per share
October 15, 2020 | Press Release
DAtto Proposed IPO
On New York Stock Exchange
October 1, 2020 | Press Release
Datto Files Confidentially for IPO
Valued at more than $1 billion
July 16, 2020 | In Brief

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