Deal Details
Follow-on Offerning
Summary
Baird served as co-manager on this offering
About
Fastly, Inc. (“Fastly” or the “Company”) (NYSE: FSLY) recently completed a follow-on offering of 6,900,000 shares of Class A common stock at a price of $41.50 per share, generating gross proceeds of approximately $286 million. The offering included full exercise by the underwriters of their option to purchase 900,000 additional shares. Fastly expects to use the net proceeds of this offering for working capital and general corporate purposes, which may include acquisitions or strategic investments in complementary businesses or technologies.Fastly helps the world’s most popular digital businesses keep pace with their customer expectations by delivering fast, secure and scalable online experiences. Businesses trust Fastly’s edge cloud platform to accelerate the pace of technical innovation, mitigate evolving threats and scale on demand. Founded in 2011, Fastly powers online destinations including Airbnb, GitHub, Alaska Airlines, Pinterest, Vimeo, The Guardian and The New York Times. Fastly is headquartered in San Francisco, California.
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- Date
- May 2020
- Company
- Fastly, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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