logo-loader
Market ReportIPO ROUND-UP

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

People huddled around computer displaying holographics
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

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Universal mCloud signs AssetCare agreement with Longyuan...

Universal mCloud (TSX-V: MCLD-OTCQB: MCLDF) President of Smart Energy and Capital Dave Weinerth joined Steve Darling from Proactive Vancouver on Skype to talk about a new contract mCloud has signed with a wind farm in China. Weinerth telling Proactive how the deal with Longyuan Construction...

1 hour, 20 minutes ago

2 min read