With the disastrous month of May gone, investors are hoping that June will bring more income and value to upcoming IPOs. Chewy, Slack, and now Crowdstrike have announced their share prices as well as their plans for publishing their IPOs.
Crowdstrike is a cybersecurity technology company that is a sight to see. Investors are interested in this new addition to the technology field and have already begun their predictions.
Recently Crowdstrike submitted the proper paperwork to get ready to trade. They have chosen the ticker ‘CRWD’ and was able to confirm a starting share price. As of now, the share price will begin at $19 and may actually increase to $23 depending on the logistics when trading has officially begun.
Crowdstrike Has Funded A Significant Amount For Their IPO
Experts at Crowdstrike immediately began doubling down numbers and estimating a cost. Funding has been underway for a while now and the popular technology company has already raised $481 million. This large amount is impressive and only adds to the mystery of the stock. Will Crow strikes IPO surpass expectations or flunk more than expected?
According to bulitin, the amount of funds is only set to increase with time, “…with investors including Accel, CapitalG and Institutional Venture Partners (IVP). At mid-range pricing, the IPO could potentially raise over $350 million for CrowdStrike, according to ZDNet.”
Friendly Cybersecurity Competiton
Something stocks heavily rely on is a dose of friendly competition. Crowdstrike is going to have its fair share of cybersecurity and technology stocks ready to surpass the new IPO.
Some companies competing against Crowdstrike include; McAfee, Symantec, and Kaspersky. While competition can be healthy it can also be dangerous. Crowdstrike has seen a decrease in sales and revenue which may be because of these larger name companies. Crowdstrike has only been around since 2011, giving the young company only eight years of experience.
We just have to wait and see how Crowdstrike will do.