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Fastly files $100M IPO

  • Fastly will list its Class A common stock on The New York Stock Exchange under the ticker symbol FSLY.
  • Fastly has built an edge cloud platform that can process, serve and secure its customers' applications as close to their end users as possible. Its edge network spans 60 points-of-presence (POPs) around the world.
  • Competition:
  • Legacy CDNs such as Akamai (NASDAQ:AKAM), Limelight (NASDAQ:LLNW), EdgeCast (part of Verizon Digital Media (NYSE:VZ)), Level3 (NYSE:CTL), and Imperva (NASDAQ:IMPV).
  • Small business-focused CDNs, such as Cloudflare, InStart, StackPath, and Section.io.
  • Cloud providers like Amazon’s CloudFront (NASDAQ:AMZN), AWS Lambda (AMZN), and Google Cloud Platform (NASDAQ:GOOG).
  • Traditional data center and appliance vendors like F5 (NASDAQ:FFIV), Citrix (NASDAQ:CTXS), A10 Networks, Cisco (NASDAQ:CSCO), Imperva, Radware (NASDAQ:RDWR), and Arbor Networks.
  • 2018 revenue $144.6M vs. $104.9M in 2017.
  • 2018 earnings -$30.9M vs. -$32.5M in 2017.
  • Customer activity ("Dollar-Based Net Expansion Rate (DBNER)"): +147.3% and +132.0% in 2017 and 2018.
  • Source: S-1
  • Note: The IPO could value Fastly at more than $1B.

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