Fastly $286 million stock offering
Davis Polk advised the underwriters in connection with the $286 million public offering of 6,900,000 shares of the Class A common stock of Fastly, Inc., which included 900,000 shares from the full exercise of the underwriters’ option to purchase additional shares. Fastly’s Class A common stock is listed on the New York Stock Exchange under the symbol “FSLY.”
Fastly’s edge cloud platform enables developers to build, secure and deliver digital experiences at the edge of the internet. Fastly is headquartered in San Francisco.
The Davis Polk corporate team included partner Sarah K. Solum and associates Scott A. Blumenkranz and Paula Gergen. Partner Po Sit and associate Ben Levenback provided tax advice. Partner Pritesh P. Shah and associate Gianna C. Walton provided intellectual property advice. Associate Allison Gunther provided 1940 Act advice. Counsel Marcie A. Goldstein provided FINRA advice. Members of the Davis Polk team are based in the Northern California and New York offices.