Fastly debuts at $16 per share

Cloud computing company Fastly has offered 11.25 million shares for $16 apiece in its IPO, raising $180 million after pricing the listing at the top of its expected range. Stock in Fastly (NYSE: FSLY) soared up nearly 50% on Friday, closing the day's trading at $23.99. Founded in 2011, the San Francisco-based company had raised nearly $220 million in VC, reaching a valuation of $925 million last summer. Its investors include August Capital (20.2% pre-IPO stake), Iconiq Capital (12.8%) and Amplify Partners (10.6%).

Lead Underwriters

Merrill Lynch Pierce Fenner & Smith, Credit Suisse Securities (USA), Citigroup Global Markets

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