Deal Details
Fastly Completes $180 Million Initial Public Offering
Summary
Fastly, Inc. ("Fastly” or the "Company”) (NYSE: FSLY) recently completed an Initial Public Offering of 11,250,000 shares of Class A common stock at a price of $16.00 per share, generating gross proceeds of $180.0 million. In addition, Fastly has granted the underwriters a 30-day option to purchase up to an additional 1,687,500 shares of Class A common stock at the initial public offering price less underwriting discounts and commissions. The Company expects to use the net proceeds of this offering for working capital and other general corporate purposes.
Baird served as a co-manager on this offering.
About
Fastly helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure and scalable online experiences. Businesses trust Fastly’s edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats and scale on demand. Founded in 2011, the Company powers online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian and The New York Times. Fastly is headquartered in San Francisco, California.CONTACT US TO LEARN MORE
- Date
- May 2019
- Company
- Fastly, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Technology & Services
- Verticals
-
Software
- Target Geography
- North America
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