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Web performance platform Cloudflare files for a $100 million IPO


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Cloudflare, which provides a cloud platform for website security and web content optimization, filed on Thursday with the SEC to raise up to $100 million in an initial public offering.

The San Francisco, CA-based company was founded in 2009 and booked $235 million in sales for the 12 months ended June 30, 2019. It plans to list on the NYSE under the symbol NET. Cloudflare filed confidentially on May 24, 2019. Goldman Sachs, Morgan Stanley, J.P. Morgan, Jefferies, Wells Fargo Securities and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Web performance platform Cloudflare files for a $100 million IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





This article appears in: News Headlines , IPOs



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