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IPO Roundup: AI cybersecurity firm CrowdStrike flourishes in public debut

The company priced at $34 per share, well ahead of its expected range between $28 and $30
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CrowdStrike is a cloud-based cybersecurity company founded in 2011 based in Sunnyvale, California

CrowdStrike Holdings Inc (NASDAQ:CRWD) is off to a blistering start as a publicly traded entity.

The cybersecurity company raised $612 million after pricing its 18 million shares at $34 per share Tuesday night, well ahead of its expected range between $28 and $30. Investors took the baton and ran with it, opening trading at $63.50.

READ: IPO Roundup: Online pet retailer Chewy, AI cybersecurity firm CrowdStrike headline week of IPOs

CrowdStrike is a cloud-based cybersecurity company founded in 2011 based in Sunnyvale, California. Its CrowdStrike Falcon platform relies on crowdsourced data and artificial intelligence to detect security threats and stop breaches.

Shares exploded nearly 80% to $60.72.

Contact Andrew Kessel at [email protected]

Follow him on Twitter @andrew_kessel


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