https://techcrunch.com/2019/05/29/crowdstrike-sets-terms-for-378m-nasdaq-ipo/
By Kate Clark
TechCrunch.com
May 29, 2019
CrowdStrike, in preparation for its Nasdaq initial public offering, has
inked plans to sell 18 million shares at between $19 and $23 apiece. At a
midpoint price, CrowdStrike will raise $378 million at a valuation north
of $4 billion.
The company, which develops cloud-native endpoint protection software to
prevent cyber breaches, has raised $480 million in venture capital funding
to date from Warburg Pincus, which owns a 30.2% pre-IPO stake, Accel
(20.2%) and CapitalG (11.1%), according to its IPO prospectus. The
business was valued at $3.3 billion with a $200 million January 2018
Series E funding.
Sunnyvale, Calif.-based CrowdStrike outlined its IPO plans two weeks ago.
The company plans to trade under the ticker symbol “CRWD.”
The cybersecurity unicorn follows several other highly valued
venture-backed startups to the public markets, including Uber, Lyft,
Pinterest, PagerDuty and Zoom. CrowdStrike’s offering will represent only
the second cybersecurity IPO in 2019, however. It follows Israel’s Tufin
Software Technologies, which went public earlier this year. Last year, for
its part, saw the IPOs of Zscaler, Carbon Black and Tenable.
[...]
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