Crowdstrike Stock Ipo Date

Crowdstrike stock ipo date

Crowdstrike stock ipo date

Stock is up 87.0% post-IPO

Cybersecurity company CrowdStrike (CRWD) went public on June 12.

The company issued 18 million shares priced at $34, thereby raising $612 million in the public offering. CrowdStrike opened trading at $63.50 and reached a high of $67.0 per share on the first day of trading.

The stock closed trading at $58.0 on June 12, and it’s currently priced at $63.28.

Crowdstrike stock ipo date

CrowdStrike stock is trading 20.7% below its high of $79.79 and 13.0% above its low of $56.0. The stock fell almost 6.0% on June 24.

Crowdstrike stock ipo date

The day was particularly bad for recently listed stocks.

Shares of Zoom fell 11.0% on June 24, while Beyond Meat (BYND) shed 8.5% of its market value.

Social media company Pinterest (PINS) fell 3.9%, while Slack (WORK) lost over 3.0%.

Market cap of $12.6 billion

CrowdStrike’s market cap now stands at $12.6 billion.

Crowdstrike stock ipo date

The company has raised over $1 billion to date and has been backed by leading private equity companies including Accel, General Atlantic, and IVP (Institutional Venture Partners).

CrowdStrike is a cybersecurity company that focuses on delivering end point protection solutions. CrowdStrike delivers end point protection services as an integrated cloud solution.

Analysts weigh in on Chewy and CrowdStrike IPOs

CRWD reported sales of $250 million in fiscal 2019, which ended in January, a rise of 100.0% year-over-year.

This means that CRWD stock is valued at 50x its 2019 sales.