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CrowdStrike Opens For Trade Well Above IPO Price

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CrowdStrike Opens For Trade Well Above IPO Price

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) shares opened for trade Wednesday at $63.50. The IPO of 18 million shares was priced at $34 per share. The stock is trading on the Nasdaq under the symbol CRWD.

The lockup period on CrowdStrike is 180 days. This is a contractual restriction preventing insiders who acquired shares of a company's stock before it went public from selling the stock for a stated period of time after it goes public.

See Also: CrowdStrike IPO: What To Know About The Cybersecurity Unicorn's Debut

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Founded in 2011, CrowdStrike was established with the mission of "reinventing security for the cloud era" to take advantage of the opportunity presented by numerous cyberattacks. The company uses a new approach that uses the network effects of crowdsourced data applied to modern technologies such as artificial intelligence, cloud computing and graphic databases.

At time of publication, CrowdStrike traded at $62.22 per share.

Posted-In: News IPOs Best of Benzinga

 

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