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Monitoring and analytics company reportedly priced its shares at $27 on Wednesday ahead of its Thursday public debut, .

Datadog, which will list on the Nasdaq with the ticker symbol 鈥淒DOG,鈥� raised $648 million by selling 24 million shares.

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The New York-based company indicated a price range between $24 and $26 per share, after previously projecting $19 and $22 per share. With its pricing at $27, Datadog is valued at $7.8 billion.

Little is known about Datadog鈥檚 valuation as a private company. During its last fundraising round in 2016 the company declined to discuss its valuation, according to . But valuation aside, it has an impressive fundraising history, with in known funding from investors including and .

The company last raised $94.5 million in its 2016 Series D. Earlier today, that Cisco offered more than $7 billion for Datadog which was declined.

The Numbers

Datadog provides monitoring and analytics services for developers and IT operations teams. It has turned a profit before and its revenue growth is quick while its losses are comparatively slim. In short, it鈥檚 a healthy company with fast revenue growth and slim losses.

We wrote about Datadog鈥檚 finances when its S-1 dropped last month.

The company, which has more than 8,000 customers, reported that its revenue increased from $100.8 million in 2017 to $198.1 million in 2018. Its revenue grew from $85.4 million in the first half of 2018 to $153.3 million in the first half of 2019.

Regarding deficits, the company reported a $13.7 million operating loss in the first half of 2019.

We鈥檒l have more on the company tomorrow when it begins trading.

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