Datadog (DDOG) “announced the pricing of $870M aggregate principal amount of 0% Convertible Senior Notes due 2029 in a private placement to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The offering size was increased from the previously announced offering size of $775 million aggregate principal amount of notes. Datadog also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $130 million aggregate principal amount of notes. The sale of the notes is expected to close on December 12, 2024, subject to customary closing conditions.”
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Read More on DDOG:
- Datadog announces offering of $775M of Convertible Senior Notes due 2029
- Datadog price target raised to $187 from $155 at Barclays
- Datadog price target raised to $171 from $149 at BTIG
- Datadog named a Best Idea for 2025 at TD Cowen
- Datadog management to meet with BTIG
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