CrowdStrike Joins Fortinet, FireEye, Symantec as Public Cybersecurity Company
CrowdStrike, the cloud-based security provider, is now the latest cybersecurity company to be publicly traded on the Nasdaq Global Select Market.
On May 14, CrowdStrike said it had filed a registration statement with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class A common stock. It is trading under the ticker symbol “CRWD.”
CrowdStrike joins a growing field of publicly traded cybersecurity companies including Palo Alto Networks, Fortinet, Check Point Software Technologies, FireEye, ProofPoint, Imperva, Symantec, Splunk, F5 Networks and more.
In his blog, George Kurtz, CrowdStrike’s CEO, said the IPO marks a “new chapter in our company’s journey and signifies how we have distinguished ourselves as a market leader in endpoint protection.”
“Today’s achievement validates the critical wager we put on bringing to market game-changing technologies to help organizations defend themselves from cyberattacks in a modern and efficient way,” he said. “Our success is a direct result of the trust our customers put in our company every single day, and I couldn’t be more fired up about continuing to fight cyberattacks and defending our customers with our industry-leading technologies and solutions. As we reflect on our journey to today’s milestone, I believe that the same attributes that gave us an edge as a private company will continue to distinguish us as a public one.”
CrowdStrike set the price of its IPO of 18 million shares at $34 per share. It initially estimated it would offer shares for between $19 and $23 apiece.
CrowdStrike technology helped to identify Russia as the source of the DNC hacks during the 2016 election. Its customers include 44 Fortune 100 companies, including Amazon Web Services (AWS).
Leveraging AI, the CrowdStrike Falcon platform offers visibility and protection across the enterprise and prevents attacks on endpoints on or off the network. In March, CrowdStrike unveiled Falcon for Mobile, an enterprise endpoint detection and response (EDR) solution for mobile devices.