FEYE - IPO Update: CrowdStrike Proposes Terms For IPO
Quick Take
CrowdStrike (OTC:CRWD) has filed to raise $378 million in an IPO of Class A common stock, per an amended registration statement.
The company provides AI-powered cloud endpoint security services to enterprises and other medium and large organizations.
Given the large and growing market opportunity, CRWD’s growth trajectory and ultra-high dollar-based net retention rate, the IPO is worth a close look at up to $21.00 per share.
Company & Technology
Sunnyvale, California-based CrowdStrike was founded in 2011 to provide cloud-based endpoint security solutions that protect virtual, on-premise, and cloud environments on