Giving websites an edge: Fastly files for a $100 million IPO
Fastly, which provides an optimized content delivery network to increase website data speeds, filed on Friday with the SEC to raise up to $100 million in an initial public offering.
The provider of edge computing capabilities has privately raised $220 million in equity funding, and earlier this year was reportedly preparing for an IPO that would value it at $1 billion or more.
The San Francisco, CA-based company was founded in 2011 and booked $145 million in sales for the 12 months ended December 31, 2018. It plans to list on the NYSE under the symbol FSLY. Fastly filed confidentially on February 14, 2019. It had been on our Private Company Watchlist since August 2018. BofA Merrill Lynch, Citi and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Giving websites an edge: Fastly 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.
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