Thursday, September 19, 2019

Datadog surges 39% in IPO

Shares in Datadog (Nasdaq: DDOG) surged 39% above the IPO price to close at $37.55 on the first day of trading.


DataDog is a monitoring service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform.

In its S-1 filing, the company disclosed revenue of $153.4 million for the first half of 2019.

DataDog was founded in 2010 and is based in New York.


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