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IT

CrowdStrike files for Nasdaq IPO

Wednesday 15 May 2019 | 09:49 CET | News

Cybersecurity company CrowdStrike Holdings has filed with the US Securities and Exchange Commission for an initial public offering of its shares on the Nasdaq market. The provider of cloud-delivered endpoint security is looking to raise additional capital to fund its growth. A price for the shares has yet to be set.

Started in 2011 by former McAfee executives, Crowdstrike has more than doubled its revenues in the past two years, going from USD 37.9 million in the fiscal year to January 2017 to USD 219.4 million in the past year. It remains loss-making, with a net loss of around USD 140 million in both the 2018 and 2019 fiscal years. 

Its main shareholders are the private equity firms Warbug Pincus (30.3%), Accel (20.3%) and CapitalG (11.2%). Co-founder and CEO George Kurtz holds a 10.5 percent stake.

 



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Categories: Internet / IT
Companies: CrowdStrike
Countries: World
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