Skip to content
Subscriber Only

Datadog Leaps in Trading Debut After Rebuffing Cisco

Video player cover image
Datadog Raises $648 Million in U.S. IPO After Rebuffing Cisco Takeover
Updated on

Datadog Inc., a software company that bet it could do better as a public company than in a Cisco Systems Inc. buyout, jumped 39% after raising $648 million in its initial public offering.

Datadog shares rose as much as 53% in trading in New York Thursday. The software company’s first-day closing price gives it a market value of $10.88 billion, more than $3 billion beyond the mark it had set earlier for its IPO.