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The Fastly IPO Succeeds Where Other Tech Companies Have Faltered

Jon Swartz

Cloud company (FSLY)(ticker: FSLY) got off to a quick start in its first day of trading, continuing the Jekyll-and-Hyde nature of this year’s tech IPO crop. Fastly opened 34% above its IPO price of $16 per share. “There is a clear divergence between the enterprise B-to-B (business-to-business) side and B-to-C (business-to-consumer) for IPOs,” Fastly Chief Executive Artur Bergman told Barron’s in a phone interview.