CrowdStrike shows the IPO window is open for buzzwords. rob_cyran
CrowdStrike, a cloud-based data-security firm, on June 11 priced its initial public offering at $34 a share. The company’s shares opened at $63.50 on June 12 in New York before falling slightly, giving the firm a market capitalization of more than $12 billion based on outstanding shares including the underwriters’ greenshoe option.
The company reported $250 million of revenue in the year to January 2019, more than double the top line the year before. CrowdStrike lost $140 million last financial year.
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