Datadog Raises $1 Billion Through Convertible Notes Offering

Datadog ( (DDOG) ) has issued an announcement.

Datadog, Inc. successfully completed a private offering of $1 billion in 0.00% Convertible Senior Notes due 2029, which included an additional $130 million from the initial purchasers’ option. The company plans to use the proceeds for general corporate purposes, including potential acquisitions and strategic investments, and has taken measures to manage stock dilution through capped call transactions.

More about Datadog

Datadog, Inc. operates in the technology industry, providing monitoring and analytics platforms for developers, IT operations teams, and business users. The company focuses on delivering cloud-based solutions that offer real-time data insights and performance metrics.

YTD Price Performance: 28.92%

Average Trading Volume: 4,358,620

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $53.16B

For a thorough assessment of DDOG stock, go to TipRanks’ Stock Analysis page.