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.
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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.
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