david: that was part of my interview with rick perry and the iea executive director. still ahead, it has been a big bond for ipo, with cloud flare the latest company to go to the public market. we dig into the numbers, next. this is bloomberg. ♪ david: you're watching "balance of power" i am david westin. time for the stock of the hour, which is cloudflare which made it debut as a public company. shares are higher so far. here is abigail doolittle to explain what went right. right,: talk about going shares of 21% off the ipo price of $15. that is important to put into perspective. the initial range was $10 to $12. you can make the case the stock is trading 80% to 90% above the low end of the range. as for the facts on this company, a cybersecurity firm, used by about 10% of fortune 100 companies. they raised $525 million in their valued around $4.4 million. as for the growth, this is round -- this is one of those not profitable companies. 35% sales growth. , not quite doing the same thing. david: compare and contrast. both priced above the range. do not work for smi
