By Peter Bosworth Datadog, a cloud-based infrastructure monitoring service, filed its IPO paperwork on August 23. The company initially said it’s looking to raise $100 million in its IPO, but recent reports have suggested Datadog is targeting a $492 million IPO. Morgan Stanley and Goldman Sachs are the lead underwriters on the Datadog IPO, which will trade on the Nasdaq as DDOG. Datadog is expected to go public on Thursday, September 19.
What is Datadog?
What does a cloud-based infrastructure monitoring service like Datadog actually do? It mostly provides analytics. As companies move to the cloud and use more software, they need to better understand …read more
