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Cloudflare Shares Rise 20% in Public Market Debut

By Kevin McLaughlin
· · Source: The Information

Shares of Cloudflare rose 20% in their first day of trading on the New York Stock Exchange, valuing the company at $5.3 billion, or $1.8 billion more than it initially sought when it filed for its IPO. Cloudflare priced its shares at $15 after initially seeking a range of $10 to $12 earlier this month and subsequently raising it to $12 to $14.  The raised price range and share pop is the...

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