CRWD - Cybersecurity firm SentinelOne jumps 31% in IPO debut

3alexd/E+ via Getty Images Cybersecurity firm SentinelOne (S) popped 31% after opening for its first session following an IPO that priced above its expected range. SentineOne, which is backed by billionaire hedge funder Dan Loeb's Third Point hedge fund, last night priced its IPO of 35M shares of its Class A common stock at $35.00 per share, above the boosted expected range of $31-32. Founded in 2013, SentinelOne protects laptops and mobile phones from security breaches by using artificial intelligence technology to identify unusual behavior in enterprise networks. Underwriters' over-allotment is an additional 5.25M Class A common stock. The company also announced the concurrent sale of 1,428,568 shares of its Class A common stock to certain of its existing stockholder. The company offers an AI-powered extended detection and response platform that fully automates cybersecurity defenses. The strength of the platform was proven late last year when SentinelOne clients were protected from the Russia-linked breach of IT software

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Cybersecurity firm SentinelOne jumps 31% in IPO debut