CrowdStrike (CRWD) IPO Opens 89% Higher

Today's IPO for CrowdStrike Holdings, Inc. (NASDAQ: CRWD) opened for trading at $63.50 after pricing 18,000,000 shares of its Class A common stock at a price to the public of $34.00 per share.

CrowdStrike has granted the underwriters a 30-day option to purchase up to 2,700,000 additional shares of Class A common stock at the initial public offering price less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, J.P. Morgan, BofA Merrill Lynch and Barclays are acting as lead book-running managers for the offering. Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray and SunTrust Robinson Humphrey are acting act as book-running managers. BTIG, JMP Securities, Mizuho Securities, Needham & Company and Oppenheimer & Co. are acting as co-managers for the offering.

CrowdStrike provides cloud-delivered endpoint protection. Leveraging artificial intelligence (AI), the CrowdStrike Falcon® platform protects customers against cyberattacks on endpoints on or off the network by offering visibility and protection across the enterprise.

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