Cloudflare surges in trading debut after raising $525 million in IPO (NET)
|09/13/2019||Posted by BusinessMediaguide.Com under General World News||
- Cloudflare, a web security and content delivery company, raised $525 million on Thursday after pricing its shares higher than expected.
- The company sold 35 million shares for $15 apiece, after raising its target price range on Wednesday to between $12 and $14, up from $10 to $12.
- Shares of Cloudflare surged more than 25% when they began trading on Thursday, valuing the company at north of $5 billion.
- Watch Cloudflare trade live.
2019’s initial public offering bonanza continues.