Fastly's stock opens 34% above IPO price
Shares of Fastly Inc. FSLY, +48.88% opened 34% above its initial public offering price, then kept rising, as the software company debuted on the NYSE. The first trade was at $21.50 at 10:35 a.m. Eastern for 2.06 million shares, above the $16 IPO price. It was recently trading above $23, or more than 44% above its IPO price. The company raised $180.8 million, as the IPO priced at the top of the expected range, giving the company an initial market capitalization of $1.45 billion.
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