Fastly’s $286 Million Public Offering

Davis Polk advised the underwriters for the offering.

Fastly, Inc. executed a $286 million public offering of 6,900,000 shares of the Class A common stock, which included 900,000 shares from the full exercise of the underwriters’ option to purchase additional shares. Fastly’s Class A common stock is listed on the New York Stock Exchange under the symbol “FSLY.”

Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., BofA Securities, Inc., Credit Suisse Securities (USA) LLC, William Blair & Company, L.L.C., Raymond James & Associates, Inc., Robert W. Baird & Co. Incorporated, Oppenheimer & Co. Inc., Stifel, Nicolaus & Company, Incorporated, Craig-Hallum Capital Group LLC, and D.A. Davidson & Co. acted as underwriters for the offering.

Fastly’s edge cloud platform enables developers to build, secure and deliver digital experiences at the edge of the internet. Fastly is headquartered in San Francisco.

The Davis Polk corporate team advising the underwriters included partner Sarah K. Solum (Picture) and associates Scott A. Blumenkranz and Paula Gergen. Partner Po Sit and associate Ben Levenback provided tax advice. Partner Pritesh P. Shah and associate Gianna C. Walton provided intellectual property advice. Associate Allison Gunther provided 1940 Act advice. Counsel Marcie A. Goldstein provided FINRA advice.

Involved fees earner: Scott Blumenkranz – Davis Polk & Wardwell; Paula Gergen – Davis Polk & Wardwell; Marcie Goldstein – Davis Polk & Wardwell; Allison Gunther – Davis Polk & Wardwell; Ben Levenback – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Po Sit – Davis Polk & Wardwell; Sarah K. Solum – Davis Polk & Wardwell; Gianna Walton – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: Bank of America Securities; Citigroup Global Markets Ltd; Craig-Hallum Capital Group LLC; Credit Suisse Securities (USA) LLC; D.A. Davidson & Co.; Morgan Stanley; Oppenheimer & Co; Raymond James & Associates, Inc.; Robert W. Baird & Co.; Stifel, Nicolaus & Company, Incorporated; William Blair & Company, L.L.C.;

Author: Ambrogio Visconti