Investors send Cloudflare’s shares soaring 27% after IPO hauls in $525M

Investors send Cloudflare’s shares soaring 27% after IPO hauls in $525M

Investors send Cloudflare’s shares soaring 27% after IPO hauls in $525M 1
The past few hours have been a lesson in contrasts for Wall Street watchers.  Reports emerged this morning that The We Co., parent of unprofitable co-working provider WeWork, will slash its valuation from $47 billion to as little as $10 billion ahead of its initial public offering. Also this morning, Cloudflare Inc., another unprofitable tech firm, saw […]

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