Fastly Inc. has filed Friday for an initial public offering of class A shares. The "edge cloud" platform company, which allows developers to deliver digital experiences "at the edge of the internet," hasn't determined the number of shares it will sell. Fastly will have a dual class share structure, with class A shares entitled to one vote and class B shares entitled to 10 votes. The company has applied to have its class A shares listed on the New York Stock Exchange, under the ticker symbol "FSLY." Fastly recorded a net loss of $30.9 million on revenue of $144.6 million in 2018, after a loss of $32.5 million on revenue of $104.9 million in 2017. The lead underwriters of the IPO are BofA Merrill Lynch, Citigroup and Credit Suisse. The company is looking to go public at a time that the Renaissance IPO ETF has rallied 29% year to date and the S&P 500 has gained 16%.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Zoom prices IPO at $36 per share, valuing videoconferencing company at $9.2 billion: SourceZoom prices its initial public offering at $36 per share, sources told CNBC Wednesday.
Read more »
Pinterest Prices IPO at $19 a ShareTech unicorns Pinterest and Zoom will launch themselves into the public markets Thursday, becoming the latest big test for new listings after the rough early weeks for Lyft. Pinterest priced its shares at $19 apiece, two dollars above the high end of the range.
Read more »
Pinterest prices IPO at $19 a share, valuation tops $10 billionPinterest Inc. priced its initial public offering higher than expected Wednesday, raising more than $1.4 billion and valuing the company at more than $10...
Read more »
Pinterest IPO priced at $19 per sharePinterest, a social platform for bookmarking pictures from around the web, has priced its initial public offering at $19 a share
Read more »
Zoom starts trading at $65 per share, 80 percent above IPO priceVideo conferencing company Zoom Video Communications opened at $65 per share on ...
Read more »
A Bill Gates speech inspired Zoom founder to start an internet business—now he's a billionaireZoom founder dreamed of coming to US after hearing Bill Gates speak — now he's a billionaire via CNBCMakeIt
Read more »
Pinterest prices IPO at $19, valuing social media company at $10 billionPinterest prices IPO at $19, valuing social networking company at $10 billion
Read more »
Cramer Remix: Pinterest is interesting, but I'm hesitant to buy itJim Cramer explains why he's using caution ahead of Pinterest's IPO.
Read more »
Uber doesn’t want its drivers to be employees — here’s why that mattersThe ride-sharing company filed IPO documents late Thursday.
Read more »
Uber’s Blockbuster IPO Reveals Surging Revenue—And Big Spending To ComeIn its IPO filing, Uber warns, “We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.'
Read more »
Uber’s Blockbuster IPO Reveals Surging Revenue—And Big Spending To ComeIn its IPO filing, Uber warns, “We expect our operating expenses to increase significantly in the foreseeable future, and we may not achieve profitability.'
Read more »