Cloud-technology cybersecurity company CrowdStrike will begin trading on the Nasdaq Stock Market on Wednesday after pricing shares in its initial public offering at $34 each, above the high end of its expected range.
The Sunnyvale, Calif.-based company, which uses the slogan "Breaches Stop Here" and will trade under the ticker symbol "CRWD," was expected to price its 18 million Class A shares at between $28 and $30 a share, netting it approximately $600 million.
CrowdStrike joins several other big tech companies that have taken the IPO route this year, including Uber (UBER) - Get Free Report , Pinterest (PINS) - Get Free Report , Zoom Video (ZM) - Get Free Report and Lyft (LYFT) - Get Free Report and one big non-tech IPO, Beyond Meat (BYND) - Get Free Report . Office-messaging platform provider Slack is expected to follow later this month.
The company provides endpoint security, threat intelligence, and incident response services in more than 170 countries.