CNBC: Fastly shares rocket as much as 60% in IPO debut

Fastly, whose technology helps companies more quickly deliver online content, made its debut on the New York Stock Exchange on Friday with shares rising as much as 60%.

The stock started trading at $21.50 per share, up 34% from the price it sold shares in the initial public offering, under the symbol FSLY. The stock closed at $23.99, a gain of nearly 50%, making Fastly’s debut the 11th best so far in 2019.

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