Fastly co-founder Gil Penchina Photo by Steve Jennings/Getty Images for TechCrunch

Fastly — a San Francisco based content delivery startup that has raised $219 million in funding according to Crunchbase data and counts the likes of Stripe, Github, Airbnb, Pinterest, Audi, Buzzfeed, Ticketmaster, Vice, Spotify, and Reddit as customers — has filed for a public offering on The New York Stock Exchange (NYSE). The company intends to list Class A common stock under the ticker “FSLY”.

Fastly’s S-1 filing revealed some key stats about its operations. They include:

• $530,000 average revenue from each of its enterprise customers
• 227 enterprise customers in 2018, up from 170 in 2017 
• 1,582 total customers in 2018, up from 1,439 in 2017
• $144.56 million revenue in 2018, up from $104.9 million in 2017
• $29.1 million loss in 2018, down from $31 million in 2017
• $37 million cash and cash equivalents held as of December 31, 2018
• $50.1 million sales and marketing spend in 2018, up from $40.8 million a year earlier
• $34.6 million R&D spend in 2018, up from $29 million in 2017

Fastly co-founder and CEO Artur Bergman image: O’Reilly Internal / Flickr

Fastly’s IPO filing has a placeholder amount of $100 million, but that’s likely to change in future time. According to Prime Unicorn Index, Fastly was last valued at $880 million when it raised $40 million in July last year. The valuation being targeted for the IPO is not known.

Bank of America Merrill Lunch, Citigroup, and Credit Suisse will act as joint book-running managers for Fastly’s IPO.

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