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AKAM - Fastly Starts $100 Million U.S. IPO Process
Akamai Technologies Inc.
Quick Take
Fastly (FSLY) has filed to raise gross proceeds of $100 million from a U.S. IPO, according to an S-1 registration statement.
The firm operates an Infrastructure as a Service [IAAS] ‘edge’ cloud computing platform and content delivery network [CDN].
FSLY has produced impressive financial and operational metrics and I expect the IPO to be in high demand.
Company & Technology
San Francisco, California-based Fastly was founded in 2011 to provide ‘established enterprises and technology-savvy organizations’ with a rapid cloud computing platform that consists of a large number of small clusters