Tech Company Inital Public Offerings
Fastly IPO
Fastly, operating out of San Francisco, had an IPO event on 5/16/2019.
Transaction Overview
Company Name
Announced On
5/16/2019
Transaction Type
IPO
Amount
$180,000,000
Proceeds Purpose
The principal purposes of this offering are to increase our financial flexibility, create a public market for our Class A common stock, and facilitate our future access to the capital markets. Although we have not yet determined with certainty the manner in which we will allocate the net proceeds of this offering, we expect to use the net proceeds from this offering for working capital and other general corporate purposes. We may use a portion of the net proceeds we receive from this offering to repay up to approximately $47.5 million of indebtedness under our credit facilities, which, to date, has been used for general operating expenses, including personnel related costs as we expanded our employee base, and capital expenditures for our network. We may also use a portion of the net proceeds from this offering for acquisitions or strategic investments in complementary businesses or technologies.
Company Information
Company Status
Publicly-held
Industry
Enterprise IT
Mailing Address
475 Brannan St. 300
San Francisco, CA 94107
USA
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
Email Address
Overview
Fastly (NYSE: FSLY) is the future of content delivery. We're the only real-time CDN that gives businesses complete control over how they serve content. Sign up and start testing today.
Management Team
Title
Name
Email & Social
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