Cloudflare eyes for IPO, hires Goldman Sachs for valuation

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According to the Reuters reports, Cloudflare Inc, a U.S based web security company is planning to go for an IPO with the potential valuation of more than $3.5 billion dollars.

Quoting the reports, people familiar with the matter told Reuters that “The IPO may take place in the first half of 2019 with the help of Goldman Sachs.”

Founded in 2009, Cloudflare provides a cloud-based Web services solutions that help the user to improve the user’s experience on websites trough actions such as making video load faster, protect against cybersecurity attacks, DDoS mitigation, Internet security.

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Cloudflare currently serves more than 10 million website domains and have few big companies as clients which include Zendesk Inc and Cisco Systems.

According to the reports, the company has so far raised $182.1 million from the investors like NEA, Union Square Capital, Baidu, Microsoft, Qualcomm, CapitalG (Also known as Google Capital) and Fidelity.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

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