Datadog, the enterprise monitoring and analytics platform for cloud-based workflows, went public on the Nasdaq. Shares were priced at $27 and opened up at $40.34. The stock closed the week at $36.15 per share with a market cap of $10.48B. Reports surfaced this week that Cisco had offered to acquire the company for $7B just prior to the IPO.
Datadog was founded by Alexis Lê-Quôc and Olivier Pomel in 2010 and had raised a total of $147.9M. The company is backed by investors that include Index Ventures, RRE Ventures, Meritech Capital Partners, IA Ventures, OpenView Venture Partners, ICONIQ Capital, Contour Venture Partners, Amplify Partners, Neu Venture Capital, NYC Seed, RTP Ventures, and Bob Pasker.
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