CrowdStrike prices IPO at $34, expects to start trading from Wednesday

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Updated: 12 June 2019
  • CrowdStrike will begin trading on NASDAQ from Wednesday under the ticker symbol “CRWD.”
  • Underwriters include Goldman Sachs, Bank of America Merrill Lynch, J.P. Morgan, and Barclays.

Cybersecurity Company, CrowdStrike Holdings Inc. has priced its IPO at $34 a share, a premium of more than 13 per cent from the top end of its projected $28-30 range. The company is likely to be valued close to $7 billion and is looking to raise upwards of $700 million. CrowdStrike’s 18 million shares with underwriters with the option to exercise another 2.7 million shares, would put the company’s outstanding shares at 199.4 million.