CrowdStrike soars 71% in big debut as tech IPOs rush ahead
The cybersecurity company makes software to protect clients from attacks
New York — Software maker CrowdStrike Holdings soared in its trading debut after raising $612m in one of the biggest-ever initial public offerings for a cybersecurity company.
Shares opened at $63.50 in New York and rose as much as 97% from their IPO price to $67. The stock closed up 71% to $58 on Wednesday. That valued the company at about $11.41bn, almost quadruple its $3bn valuation last June when it raised about $200m in a private funding round...