Uber took a vast momentum in a negative connotation after it went public and went below its lowest share price estimate on the first-day trading.
However, that is not stopping other tech companies worth billions of dollars to join the market of IPOs.
CrowdStrike, a cybersecurity unicorn, is one of such companies, as the tech company just filed for IPO in an official filing, planning a public debut in 2019.
CrowdStrike IPO: Estimates and Valuation – How Much is CrowdStrike Worth?
CrowdStrike already raised 480 million dollars in previous private funding rounds, with a plan to raise additional 100 million dollars ahead of its IPO, according to the official filing.
Moreover, the company has an estimated value set at 3.3 billion dollars, as recorded back in 2018 when CrowdStrike was planning its public debut.
CrowdStrike Finances and Profits: Is CrowdStrike Profitable?
CrowdStrike is definitely able to showcase an amazing growth rate when it comes to increasing revenue from year to year.
That is how CrowdStrike generated 119 million dollars in 2018 from 53 million dollars in 2017, while revenues jumped to 250 million dollars concluded with the last day of January 2019.
However, the company is spending more than it can earn, which is how CrowdStrike reported 300 million dollars in losses on gross profit of 163 million in operating cash outflow.
While Warburg Pincus in the majority shareholder of pre-IPO shares of CrowdStrike, the cybersecurity unicorn is looking to raise 100 million dollars through its IPO.
Additionally, the exact date of the IPO is yet to be revealed, but it is certain for now that CrowdStrike will go public in 2019.
The share price value is also not revealed yet, even though it is known that CrowdStrike is to get listed on Nasdaq under the thicker CRWD.