The story of CrowdStrike's record-setting cyber IPO [datagraphic]

Last update: June 12, 2019


CrowdStrike has joined the growing herd of loss-making tech unicorns hitting the public markets this year. The cybersecurity business priced its shares at $34 apiece, well above the updated range of $28 to $30 it previously expected. The stock debuted to a pop of nearly 80%, opening at $63.50 and eventually closed at $58 Wednesday. The public offering follows closely on the heels of CrowdStrike reaching a settlement in a two-year lawsuit against research firm NSS Labs over the test results for one of its products.

With more than $480 million in VC funding to date, CrowdStrike's biggest backers include Warburg Pincus and Accel. The two firms collectively hold more than 50% of the company's Class B shares, which carry 10x the regular voting power. Warburg and Accel first backed CrowdStrike in 2012 and 2013, respectively.

Using the company's IPO filing and PitchBook data, we broke down the numbers surrounding CrowdStrike's journey to the public market, its valuation history and more.