The O'Reilly Media, Deutsche Telekom and Swisscom-backed content delivery software provider floated at the top of its range and popped on its first day of trading.

Fastly, the US-based content delivery technology provider backed by media group O‚ÄôReilly and telecommunications companies Deutsche Telekom and Swisscom, floated on Friday in a $180m initial public offering. The offering consisted of almost 11.3 million shares priced at the top of its $14 to $16 range, valuing it at about $1.45bn. The company is listed…

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