Fastly, Inc., a provider of an edge cloud platform, priced its initial public offering of 11,250,000 shares of Class A common stock at a price to the public of $16.00 per share.
In addition, the company 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 shares began trading on The New York Stock Exchange under the ticker symbol “FSLY” on May 17, 2019.
BofA Merrill Lynch, Citigroup, and Credit Suisse are acting as joint book-running managers for the offering. William Blair, Raymond James, Baird, Oppenheimer & Co., Stifel, Craig-Hallum Capital Group and D.A. Davidson & Co. are acting as co-managers for the offering.
Founded in 2011, Fastly provides digital businesses with an edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats, and scale on demand. The company powers online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian, and The New York Times.