Fastly, which sells edge computing products to help websites run faster, grew its revenue nearly 38% in 2018 ahead of its IPO.
, Fastly operates at a smaller scale, compared to some of the other 2019 IPOs.
Like other companies in its unicorn startup cohort, however, it's still losing money. Fastly lost $30.9 million in the 2018 calendar year, down 4.7% from $32.5 million in losses in 2017.after raising $40 million In its S-1, Fastly set a price range of $14 to $16 per share, which would give it an initial market cap of $1.45 billion if it prices at the high point — a significant uptick from that last private valuation.While Uber raised $8.1 billion in its IPO, Fastly is looking to raise just $180 million. That's about the size of an extra-large venture capital round, considering that a $100 million round usually corresponds to a $1 billion valuation.
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