CrowdStrike is another promising tech startup that operates in cybersecurity sector and preparing its initial public offering, much like Cloudflare from the same industry or other tech startups from the Silicon Valley such as Uber and Airbnb.
While Uber is said to be one of the most valuable IPOs when it comes to estimates of Uber IPO that should be out in 2019, CrowdStrike represents another unicorn of the Valley that has a great chance to increase the growth rate and the overall value of the company with the upcoming IPO.
According to sources close to the company as reported earlier, back in October 2018, CrowdStrike already hired Goldman Sachs to lead their IPO, while it is expected to see the company go public already in 2019.
What to Expect from the Upcoming CrowdStrike IPO?
CrowdStrike is following up with the latest technological trends while working in cybersecurity, alongside using Artificial Intelligence for preventing cyber-attacks through their Falcon platform.
The company managed to raise 200 million dollars in a private funding round that took place in June 2018, when investors such as Alphabet’s investment company, CapitalG, Accel, General Atlantic, Warburg Pincus LLC, and IVP joined the funding round to support CrowdStrike.
The company is currently valued at 3 billion dollars, while sources from the company that wished to stay anonymous according to Reuters claim that the company is aiming to go public in the first half of 2019 much like the rest of the upcoming IPOs for the year 2019.
The price share yet remains a secret, while only private investors had access to similar confidential information alongside Goldman Sachs said to be leading the initial public offering in the name of CrowdStrike.
The total amount of private funding rounds according to the information found on Equityzen for CrowdStrike, reached 481 million dollars funded from private investors by far.