The O'Reilly Media, Deutsche Telekom and Swisscom-backed content delivery software provider floated at the top of its range and popped on its first day of trading.

Fastly, the US-based content delivery technology provider backed by media group O’Reilly and telecommunications companies Deutsche Telekom and Swisscom, floated on Friday in a $180m initial public offering.

The offering consisted of almost 11.3 million shares priced at the top of its $14 to $16 range, valuing it at about $1.45bn.

The company is listed on the New York Stock Exchange and the IPO’s underwriters have the option to buy nearly 1.7 million additional shares to boost its size…

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?
Robert Lavine

Robert Lavine is special features editor for Global Venturing.
Email LinkedIn