The date when CrowdStrike will go public is slowly approaching as the cybersecurity unicorn shared the date of their public offer.
According to the overall estimates, evaluation and investors’ expectations, CrowdStrike should have a benevolent first-day trade. However, some analysts indicate that CrowdStrike might head below the ending price with the first closing after making an IPO boom.
Here are some of the most important information that you need to note as CrowdStrike is preparing their public debut.
CrowdStrike is Unprofitable, But Has a Great Growth Potential
The fact that CrowdStrike is unprofitable may not comes as surprise given the fact that the majority of tech companies going for public debuts are actually unable to generate profit yet.
However, CrowdStrike has strong revenues with proven growth, although losses pertain.
CrowdStrike Has Strong Competition
The sector of cybersecurity is growing more popular in the period of the last decade, and so the list of competitive companies is rising accordingly.
CrowdStrike most certainly has some serious competition to handle, however, the company had already established a name in the sector of cybersecurity thanks to their prime product, Falcon, created in 2013, as well as involvement in resolving security breaches such as the case with North Korea Sony hack.
The company also emphasizes that opportunity for CrowdStrike in the sector of cybersecurity can be worth up to 29.2 billion dollars by 2021.
CrowdStrike IPO is estimated at 4.5 billion dollars ahead of its debut, while the company is looking to raise around 476 million dollars with their sale.
According to the SEC reports, the company’s shares should be valued between 19$ and 23$ per share, additionally having the date of the IPO debut officially announced.
Based on the most recent information, this cybersecurity unicorn should go public on June 12th, 2019.