CrowdStrike's valuation has increased from $3 billion last year to more than $12 billion after the cybersecurity firm's IPO on Wednesday
Shares of cybersecurity specialist CrowdStrike Holdings Inc. leapt more than 80% above their initial public offering price in their Wall Street debut, demonstrating investors’ continuing appetite for Silicon Valley business software firms.
CrowdStrike shares changed hands at $63.50 apiece in initial trading Wednesday morning on the Nasdaq exchange. Sunnyvale, Calif.-based CrowdStrike had priced its shares at $34 apiece, well above its expected range of $28 to $30.
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