Datadog to Raise $870 Million Via Convertible Debt, Aims for Corporate Expansion and Debt Repurchase [Yahoo! Finance]
Datadog, Inc. - Class A (DDOG)
Last datadog, inc. - class a earnings: 2/13 04:10 pm
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Source: Yahoo! Finance
The offering size increased from the previously announced offering of $775 million aggregate principal amount of notes. Datadog also granted the notes' initial purchasers an option to purchase up to an additional $130 million in aggregate principal amount. Also Read: Uber And WeRide Partner For Robotaxi Service In Abu Dhabi The sale of the notes is expected to close on December 12, 2024. Datadog estimates that the net proceeds from the offering will be approximately $851.6 million. Datadog expects to use a portion of the net proceeds from the offering to pay the approximately $87.8 million cost of the capped call transactions and to repurchase for cash $112.0 million aggregate principal amount of its outstanding 0.125% Convertible Senior Notes due 2025. Datadog expects to use the remaining net proceeds from the offering for general corporate purposes. The notes' conversion rate will initially be 4.5955 shares per $1,000 principal, implying a premium of approximately 35%.
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DDOG
News
- Datadog, Inc. (NASDAQ: DDOG) had its price target raised by analysts at Loop Capital from $160.00 to $200.00. They now have a "buy" rating on the stock.MarketBeat
- Datadog (DDOG) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Portal Biotechnologies Announces Over 50 Partnerships and Oversubscribed $7M Seed Round Led by IA Ventures [Yahoo! Finance]Yahoo! Finance
- Datadog, Inc. (NASDAQ: DDOG) had its price target raised by analysts at Stifel Nicolaus from $141.00 to $165.00. They now have a "buy" rating on the stock.MarketBeat
- Prequel is building a community-driven approach to finding software bugs [TechCrunch]TechCrunch
DDOG
Earnings
- 11/7/24 - Beat
DDOG
Sec Filings
- 12/23/24 - Form 8-K
- 12/20/24 - Form 4
- 12/18/24 - Form 144
- DDOG's page on the SEC website