Davis Polk advised the underwriters in connection with the $648 million initial public offering by Datadog, Inc. of 24,000,000 shares of its Class A common stock. The Class A common stock is listed on the Nasdaq Global Select Market under the symbol “DDOG.”
Headquartered in New York City, Datadog is a monitoring and analytics platform for developers, IT operations teams and business users in the cloud age. Datadog’s SaaS platform integrates and automates infrastructure monitoring, application performance monitoring and log management to provide unified, real-time observability of its customers’ entire technology stack. Datadog is used by organizations of all sizes and across a wide range of industries to enable digital transformation and cloud migration, drive collaboration among development, operations and business teams, accelerate time to market for applications, reduce time to problem resolution, understand user behavior and track key business metrics.
The Davis Polk capital markets team included partners Richard D. Truesdell Jr. and Marcel Fausten and associates Carrie Guo and Cameron Adamson. Partner Frank J. Azzopardi and associate Mikaela Dealissia provided intellectual property and technology advice. The tax team included counsel Alon Gurfinkel and associate Talya Presser. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the New York and London offices.