CrowdStrike IPO Strikes Gold, CRWD Stock Skyrockets 70%

By CCN Markets: The IPO gold rush continues. Traders have moved on from the lastest shiny thing, Beyond Meat, to Wednesday’s latest offering. That would be CrowdStrike, a California-based cyber-security firm. CrowdStrike is notable for helping out with investigations into the Sony Pictures and Democratic National Party hacking incidents. CrowdStrike Stock Surges 71% in IPO Underwriters planned to sell CrowdStrike to the public at $28-$30 per share. High initial demand boosted the offering price to $34. But that was nothing. The stock opened at $63 for an 80% rise from the already elevated offering price. It closed Wednesday’s trading at

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Source: Bitcoin CNN