Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Fastly Stock Dipped on Tuesday

TheMotleyFool

0 0

Shares of Fastly (NYSE: FSLY) dipped as much as 5% today after the company announced a convertible note offering. Fastly is looking to raise an additional $750 million in fresh capital.

The edge cloud technology company, which offers content delivery network (CDN) services, said it has proposed a private placement of $750 million worth of convertible notes that will be due in 2026. The deal is being offered to qualified institutional investors, which will have an option to purchase an additional $112.5 million in notes from Fastly.

Image source: Getty Images.

Source Fool.com

Like: 0

FSLY

Share