Cooley Guides Venture-Backed Fastly On $180M IPO

Law360 (May 17, 2019, 3:41 PM EDT) -- Venture-backed cloud infrastructure provider Fastly made its market debut Friday, racking up a $180 million initial public offering that saw the Cooley-led firm price shares at the high end of its range.

San Francisco-based Fastly Inc. priced 11.25 million shares at $16 apiece and gave underwriters for its offering the opportunity to purchase around 1.7 million more, meaning the company could bring in as much as $207 million from its IPO.

Fastly provides cloud-based technology that enables internet users to download content more quickly and effectively. The company serves business customers including Spotify, Ticketmaster and The New York Times, which use...

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