CrowdStrike IPO: Everything You Need to Know About CrowdStrike Ahead of Its IPO Debut

By
Maja Rogic
-

CrowdStrike officially confirmed going public after the cybersecurity company filed for IPO on Tuesday, May 14th.

The company is planning to list on Nasdaq exchange market under the thicker CRWD, valued over 3 billion dollars ahead of its IPO, while CrowdStrike is backed by Capital G (Google’s domain) and Accel.

Here is everything you need to know about CrowdStrike ahead of its IPO debut, including estimates, share price, value, as well as CrowdStrike finances and revenue as seen in IPO prospectus.

CrowdStrike Share Price and Estimates: How Much is CrowdStrike Worth?

CrowdStrike is a cybersecurity company that operates with security products offered to end users, while some of the most famous products by the company are antivirus Falcon Pro, alongside endpoint protection Falcon Enterprise.

The company is valued at 3.4 billion dollars ahead of its IPO, having CrowdStrike planning to raise 100 million dollars.

Who Will Lead CrowdStrike IPO?

Based on the reports made by Business Insider, CrowdStrike IPO will be led by Goldman Sachs, Barclays, Bank of America Merrill Lynch, and JP Morgan as underwrites.

CrowdStrike Revenues and Finances Ahead of IPO Debut

Fiscal 2019 brought 250 million dollars in revenue to CrowdStrike, with 110% increase in oppose to 2018 fiscal year when the company managed to generate around 181 million dollars.

Additionally, revenue in fiscal 2018 was up by 125% compared to 2017 revenue for CrowdStrike.

Losses are also increasing, which is usually the case with the majority of companies aiming to go public, recording increases from 135 million in losses in 2018 to 140.1 million dollars in fiscal 2019, concluded with January 31st, 2019.

When Will CrowdStrike Go Public? CrowdStrike IPO Date

Even though CrowdStrike already announced that the company will be listed on Nasdaq while submitting IPO filing, the exact date of CrowdStrike IPO is yet to be determined, or better said – revealed.

For now, Nasdaq haven’t listed CrowdStrike on their official website as one of the upcoming IPOs in May 2019.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.