Cloudflare, Inc.

Cloudflare, Inc. (NET) priced its initial public offering on Sep 13, 2019 at $15.00 per share, raising $525M, and listed on NYSE. At the IPO price its market capitalization was about $4.4B. Goldman Sachs was lead-left underwriter, joined by Morgan Stanley, J.P. Morgan and Jefferies and others. Wilson Sonsini advised the company and Fenwick & West advised the underwriters.

Cloudflare, Inc. states a mission to help build a better Internet. Its excerpt contrasts its approach with older on-premise hardware, such as firewalls and load balancers, that vendors sold to address Internet security, performance and reliability for businesses operating online.

Status

IPO

Ticker

NET

Exchange

NYSE

Priced

Sep 13, 2019

IPO price

$15.00

Raised

$525M

Market cap at IPO price

$4.4B

First filed

Aug 15, 2019

Underwriters

Goldman Sachs, Morgan Stanley, J.P. Morgan, Jefferies, Wells Fargo, RBC Capital Markets, Citizens JMP, Evercore ISI, Needham, Oppenheimer and BTIG

Company counsel

Wilson Sonsini

Underwriters' counsel

Fenwick & West

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.