Cloudflare Jumps 20% in Market Debut

Cloudflare Inc.’s shares surged 20% in its first day of trading Friday, following a streak of technology upstarts making initial public offerings to meet investors’ growing appetite for enterprise information-technology companies.

The stock of the provider of cloud-based networking and cybersecurity services closed Friday at $18 a share on the New York Stock Exchange under the symbol NET. It was priced at $15 the day before. more


leave a reply


Must see news