Brief USA: Datadog IPO Valuation Analysis and more

In this briefing:

  1. Datadog IPO Valuation Analysis

1. Datadog IPO Valuation Analysis

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  • Datadog Inc (DDOG US), which provides a monitoring and analytics platform, provided an IPO price range of $19 and $22 per share. The company is expected to complete its IPO later this month.
  • Our base case valuation of the company is $8.2 billion (in market cap) or $28.1 per share. This would represent a 37% upside to the initial valuation of $20.5 per share (mid-point of the IPO price range of $19 to $22 per share. As such, we are bullish on this IPO. 
  • Smartkarma has been a customer of Datadog products for more than a year. We included several Q&As about Datadog with interesting comments from Marlon Marcos, one of the employees at Smartkarma.

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