• General
  • October 24, 2018
  • 5 minutes read

Cloudflare reported to be preparing for next year IPO

Cloudflare co-founder and COO Michelle Zatlyn image credit : TechCrunch on Flickr Web performance and content delivery network company Cloudflare has…

Cloudflare co-founder and COO Michelle Zatlyn

image credit : TechCrunch on Flickr

Web performance and content delivery network company Cloudflare has now been reported to be preparing for an IPO which could value the company at over $3.5 billion. This new report comes from Reuters which states of Cloudflare looking to go public in the first half of next year.

Cloudflare known for its web performance and protection services is used by lots of customers ranging from small, local blogs to international, Fortune 500 companies. Current enterprise customers include Discord, Mapbox, Zendesk, Quizlet, DigitalOcean, Hubspot, Carousell, Curse and several other notable names.

The company serves data from over 154 data centers around the world, reaches over 200 million web surfers with the push of code at any time and says 10,000 new users are signing up fir its service everyday.

(L-R) Cloudflare CEO Matthew Prince and COO Michelle Zatlyn speak onstage during day two of TechCrunch Disrupt SF 2015

image credit : TechCrunch on Flickr

It’s raised around $180 million in total, was last valued at $1 billion and maintains offices in San Francisco, Austin, Champaign, London, Singapore, and Washington D.C. As per the Reuters report, The IPO will be led by Goldman Sachs, the same investment firm reportedly just hired by cybersecurity company CrowdStrike for its own public offering also said to be scheduled for the first half of next year.

Other companies both confirmed and also reportedly scheduled for next year IPOs include Uber, its main U.S. competitor Lyft, data company Palantir and delivery unicorn Postmates.


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