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Cloudflare surges in trading debut after raising $525 million in IPO (NET)

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  • Cloudflare, a web security and content delivery company, raised $525 million on Thursday after pricing its shares higher than expected.
  • The company sold 35 million shares for $15 apiece, after raising its target price range on Wednesday to between $12 and $14, up from $10 to $12.
  • Shares of Cloudflare surged more than 25% when they began trading on Thursday, valuing the company at north of $5 billion.
  • Watch Cloudflare trade live.

2019's initial public offering bonanza continues.

Cloudflare scooped up $525 million in fresh funding on Thursday after the web security and content delivery company priced its shares higher than expected. See the rest of the story at Business Insider

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