Despite a recent pullback in the major indexes of public equity markets, such as the S&P 500, technology firms are increasingly ramping up efforts to tap those markets while interest rates remain low and valuations of private companies are relatively high. Cloudflare may be preparing an IPO led by Goldman Sachs for the first half of 2019 that could value the company at $3.5bn, according to sources. The Wall Street Journal reported on Tuesday that a deal is in place with Goldman Sachs, which would see it take over control of the company. The news followed recent reports that rival security software firm CrowdStrike is also preparing an IPO led by Goldman Sachs, which could value it at over $3bn.
Cloudflare may be preparing an IPO led by Goldman Sachs for the first half of 2019 that could value the company at $3.5bn, according to sources. The Wall Street Journal reported on Tuesday that a deal is in place with Goldman Sachs, which would see it take over control of the company. The news followed recent reports that rival security software firm CrowdStrike is also preparing an IPO led by Goldman Sachs, which could value it at over $3bn.