Tagged With "IPO"

The conglomerate agreed last year to sell the world’s second-biggest producer of NAND flash memory chips to a consortium led by U.S. private equity firm Bain Capital to plug a huge financial hole left by the bankruptcy of its U.S. nuclear unit. The company has been aiming to complete the sale by March 31, the end of its business year. It said in September that it would need approval from antimonopoly authorities by March 23 to meet that deadline. Toshiba no longer faces immediate insolvency...

Datto plans to raise more than a half-billion dollars through its initial public offering next week , which CEO Tim Weller said the company will use to “champion the MSP ecosystem.” “This is your time,” Weller wrote to MSPs in a letter that accompanies the filing. “Please know that being a public company will not change Datto’s core. We are excited to expand our investor base and champion the MSP ecosystem. Our MSP-first culture is deeply rooted—in technology innovation through your eyes, in...

Datto Holding ( MSP ) has priced its initial public offering of 22M shares at $27/share , in line with expected range of $24-27 per share. Underwriters' over-allotment is an additional 3.3M shares. The shares are expected to kick off trading today on The New York Stock Exchange. Offering is expected to close on October 23, 2020. Net proceeds of ~$549.5M will be used to repay outstanding borrowings under term loan and revolving credit facilities. Previously: Backup and recovery company Datto...