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Cloudflare prices IPO at $15 per share

Cloudflare Inc. priced its IPO of class A common stock at $15 per share.

The internet performance and security company is offering 35 million shares of its class A common stock. Underwriters have an option to purchase an additional 5,250,000 shares at the IPO price less underwriting discounts.

Cloudflare's shares are expected to begin trading on the NYSE on Sept. 13, under the ticker symbol NET. The offering is expected to close on Sept. 17, subject to customary closing conditions.

Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC are acting as joint lead book-running managers for the offering. Jefferies LLC, Wells Fargo Securities LLC and RBC Capital Markets LLC are also acting as joint book-running managers. JMP Securities LLC, Evercore Group LLC, Needham & Co. LLC, Oppenheimer & Co. Inc., BTIG LLC, and SunTrust Robinson Humphrey Inc. are acting as co-managers.