SAN FRANCISCO, Sept 13 (Bernama-BUSINESS WIRE) — Cloudflare (NYSE: NET) today announced the pricing of its initial public offering of its Class A common stock at a price to the public of $15 per share. Cloudflare is offering 35,000,000 shares of its Class A common stock, plus up to an additional 5,250,000 shares that the underwriters have the option to purchase at the initial public offering price less underwriting discounts. The shares are expected to begin trading on the New York Stock Exchange on September 13, 2019 under the ticker symbol “NET” and the offering is expected to close on September 17, 2019, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering. Jefferies LLC, Wells Fargo Securities, LLC, and RBC Capital Markets, LLC are also acting as joint book-running managers. JMP Securities LLC, Evercore Group L.L.C., Needham & Company, LLC, Oppenheimer & Co. Inc., BTIG, LLC, and SunTrust Robinson Humphrey, Inc. are acting as co-managers for the offering.