Saturday, May 18, 2019

CDN provider Fastly closes up 50% on its first day of trading after raising $180M in its IPO, is now valued at about $2.2B (Michael Hytha/Bloomberg)

Michael Hytha / Bloomberg:
CDN provider Fastly closes up 50% on its first day of trading after raising $180M in its IPO, is now valued at about $2.2B  —  Software provider Fastly Inc. closed its trading debut Friday up 50% after raising $180 million in its U.S. initial public offering.



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Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903M, below ~$1.2B est., as it pushes self-developed games (Sherry Qin/Wall Street Journal)

Sherry Qin / Wall Street Journal : Chinese video game giant NetEase reports Q4 revenue up 3% YoY to ~$4B and net profit down 29% to ~$903...