The IPO closed at $120 per share, totalling in a market capitalisation of $33bn. This impressive value eclipses many established global tech players.
Update: TechCrunch’s SnowFlake Category.
Sumo Logic plans to go public. The company offers log management services, along with analytics for the purpose of management and observability of IT Systems. The offer comes differentiated as a fully managed solution, delivered from the cloud. Now the company apparently plans for an IPO, reports Reuters:
Already on Friday, Fastly, one of the more prominent representatives of the Website acceleration technology business, went public. Despite two days old, still worth mentioning. The San Francisco based company can be found under the label NASDAQ: FSLY. Measured by the initially offered price of 16$/share, the first day of trading close at $24.20 can be considered a successful IPO.
Today, we listed on the New York Stock Exchange, marking our first day of trading as a public company.Quote from the article.
Source: Fastly’s Initial Public Commit
Crunchbase has a First Look At The Fastly IPO Filing