Cloudflare's IPO is getting serious love from investors... even as the company was not without controversy leading up to it.
Cloudflare Inc. shares burst out of the gate for their first day of trading Friday as the latest cybersecurity company to go public in a space that’s seeing rapid consolidation.
The company, which specializes in a cloud-based network platform that promises security, enhanced performance of business-critical applications, and “eliminating the cost and complexity of managing individual network hardware,” New York Stock Exchange, under the ticker symbol “NET.”The announcement comes just a few months after cybersecurity company CrowdStrike Holdings Inc. CRWD, -6.89% went public in June.
Then, recently, the company also disclosed that it may have done business with individuals and entities tied with narcotics and terrorism according to the U.S. Department of the Treasury’s Office of Foreign Assets Control blacklists.
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