CrowdStrike Holdings (CRWD) to Raise $378 Million in IPO

CrowdStrike Holdings (CRWD) plans to raise $378 million in an IPO on Wednesday, June 12th, IPO Scoop reports. The company will be issuing 18,000,000 shares at a price of $19.00-$23.00 per share.

In the last year, CrowdStrike Holdings generated $249.8 million in revenue and had a net loss of $140.1 million. The company has a market-cap of $4.1 billion.

Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Barclays acted as the underwriters for the IPO and Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray, SunTrust Robinson Humphrey, BTIG, JMP Securities, Mizuho Securities and Needham & Company Oppenheimer were co-managers.

CrowdStrike Holdings provided the following description of their company for its IPO: ”  We founded CrowdStrike in 2011 to reinvent security for the cloud era. When we started the company, cyberattackers had a decided, asymmetric advantage over existing security products. We turned the tables on the adversaries by taking a fundamentally new approach that leverages the network effects of crowdsourced data applied to modern technologies such as AI, cloud computing, and graph databases. Realizing that the nature of cybersecurity problems had changed but the solutions had not, we built our CrowdStrike Falcon platform to detect threats and stop breaches. “.

CrowdStrike Holdings was founded in 2011 and has 1455 employees. The company is located at 150 Mathilda Place, Suite 300, Sunnyvale, CA 94086, US and can be reached via phone at (888) 512-8906 or on the web at http://www.crowdstrike.com.

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