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CrowdStrike Sets IPO Pricing Range

CrowdStrike, the cybersecurity software developer which has a significant research and development presence in Irvine, has set its IPO pricing range, saying on Wednesday that it looking to sell 18,000,000 shares of its common stock at between $19.00 and $23.00 per share. The company has applied to list as CRWD on the Nasdaq Global Select Market. The IPO could raise more than $479M for the company, valuing it well north of $4 billion. The IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray, SunTrust Robinson Humphrey, BTIG, JMP Securities, Mizuho Securities, Needham & Company, and Oppenheimer & Co. Crowdstrike's largest shareholders are Warburg Pincus, Accel, and CapitalG.