Datto, which provides outsourced information technology services to clients, began trading on the New York Stock Exchange as ‘MSP’ Wednesday morning. It priced its initial public offering at $27, raising $594 million. The stock opened 19% higher at $32, although it fell back to $28.30 later in the day, giving it a market cap of $4.5 billion. The firm intends to use its IPO proceeds to help pay...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
The Briefing
Watching for Peak SPAC: The Information’s Tech Briefing

Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
Latest Briefs
Facebook Bans Myanmar Military Accounts After Coup
Hong Kong Tycoon Li Ka-Shing Plans to Launch SPAC
ViacomCBS Debuts Paramount+
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.


Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.

Recent Popular Stories
Opinion
Policy
Google
Data Is the New Sand
Exclusive
Microsoft
Microsoft’s New Gig: A LinkedIn Freelancer Market Rivaling Upwork, Fiverr