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Sunnyvale-based CrowdStrike tops targets in record cybersecurity IPO

bizjournals Wednesday, 12 June 2019
CrowdStrike Holdings Inc. topped its target range on Tuesday in an IPO that raised $612 million and gave it an initial market cap of about $6.7 billion — a record for a U.S. cybersecurity offering. The previous high valuation by a security company when it went public was held by Santa Clara-based Palo Alto Networks Inc. It was worth about $2.5 billion on its IPO day in 2012 and its market cap has since grown to more than $19 billion. CrowdStrike is only the seventh venture-backed U.S. cybersecurity…

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