Cloudflare files S-1 for IPO, intends to list on NYSE under symbol 'NET'
Cloudflare has filed its S-1 with the SEC related to its initial public offering of shares of Class A common stock. The company has applied to list the Class A common stock on the New York Stock Exchange under the symbol "NET." The filing stated: "We have experienced significant growth, with our revenue increasing from $84.8 million in 2016 to $134.9 million in 2017 and to $192.7 million in 2018, increases of 59% and 43%, respectively. As we continue to invest in our business, we have incurred net losses of $17.3 million, $10.7 million, and $87.2 million for 2016, 2017, and 2018, respectively. For the six months ended June 30, 2018 and 2019, our revenue increased from $87.1 million to $129.2 million, an increase of 48%, and we incurred net losses of $32.5 million and $36.8 million, respectively."