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...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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