Category: CloudFlare

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 […]

The post Investors send Cloudflare’s shares soaring 27% after IPO hauls in $525M appeared first on SiliconANGLE.

Cloudflare sets price ahead of IPO, reveals it may have broken sanctions laws

Cloudflare sets price ahead of IPO, reveals it may have broken sanctions laws

Cloudflare sets price ahead of IPO, reveals it may have broken sanctions laws 2
Content delivery network provider Cloudflare Inc. has revised its price range on its initial public offering scheduled for Friday as the company also revealed that it may have broken U.S. sanctions laws by providing services to banned entities and governments. Cloudflare revised the price guidance for its IPO to $12 to $14 per share, up […]

The post Cloudflare sets price ahead of IPO, reveals it may have broken sanctions laws appeared first on SiliconANGLE.

Fitness technology firm Peloton sets IPO share price on upper valuation of $8B

Fitness technology firm Peloton sets IPO share price on upper valuation of $8B

Fitness technology firm Peloton sets IPO share price on upper valuation of $8B 3
Connected fitness technology firm Peloton Interactive Inc. has set a price of $26 to $29 per share ahead of its initial public offering, valuing the company as much as $8 billion on an IPO raise of $1.2 billion. Founded in 2012, Peloton offers connected in-home exercise gym bikes and treadmills that come with screens that can […]

The post Fitness technology firm Peloton sets IPO share price on upper valuation of $8B appeared first on SiliconANGLE.

In updated IPO filing, Cloudflare says it’s seeking up to $483M at $3.5B valuation

In updated IPO filing, Cloudflare says it’s seeking up to $483M at $3.5B valuation

In updated IPO filing, Cloudflare says it’s seeking up to $483M at $3.5B valuation 4
Cloudflare Inc. today updated the prospectus for its upcoming initial public offering, revealing that it’s looking to sell 35 million shares at $10 to $12 apiece. That works out to a fundraising target of between $350 million and $420 million. The final figure will likely be higher, since the banks underwriting the offering have reserved the option to […]

The post In updated IPO filing, Cloudflare says it’s seeking up to $483M at $3.5B valuation appeared first on SiliconANGLE.

Cloudflare files for IPO, revealing revenue of $129M in first half of 2019

Cloudflare files for IPO, revealing revenue of $129M in first half of 2019

Cloudflare files for IPO, revealing revenue of $129M in first half of 2019 5
Cloudflare Inc. today filed to go public, becoming the second tech firm after WeWork Cos. to do so since the start of the week. San Francisco-based Cloudflare wrapped up the six months ended June 30 with a $129.2 million revenue haul, a 48% improvement over the prior-year period. The company achieved a 51% compound annual growth rate […]

The post Cloudflare files for IPO, revealing revenue of $129M in first half of 2019 appeared first on SiliconANGLE.

Cloudflare reportedly files to go public in September

Cloudflare reportedly files to go public in September

Cloudflare reportedly files to go public in September 6
Content delivery network provider Cloudflare Inc. is set to go public in September after filing a confidential S-1 application with the U.S. Securities and Exchange Commission, according to a report today from Business Insider. Cloudflare was first reported to be considering an initial public offering this year in October, but those plans were speculated to be on […]

The post Cloudflare reportedly files to go public in September appeared first on SiliconANGLE.