VZ - IPO Update: Fastly Seeks $169 Million In U.S. IPO
Quick Take
Fastly (FSLY) has filed to raise $169 million in an IPO of its Class A common stock, per an amended registration statement.
The company operates an Infrastructure-as-a-Service cloud computing platform and content delivery network.
FSLY is generating accelerating growth, producing enviable financial metrics (except for net losses and cash burn) and is well positioned in a fast-growing industry.
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