Datto sets initial IPO price range, indicating a valuation of around $4B – TechCrunch
It was just a few weeks ago that Datto, what TechCrunch called a “backup and disaster recovery firm,” filed to go public. The Vista Equity Partners -backed company was picked up by the private equity firm back in 2017. Vista bought Datto for around $1.5 billion, and is set to make billions on its exit, based on the company’s expected IPO pricing. Per the data firm’s latest S-1 filing, Datto is targeting a $24 to $27 per share price range. That gives the company a revenue multiple of less than 10x at its current IPO price maximum.