Shares of CrowdStrike Holdings Inc. (NAS:CRWD) jumped nearly 87% on Wednesday morning as the cybersecurity stock made its trading debut. The first trade was executed at 11:28 a.m. ET for $63.50. CrowdStrike priced its IPO Tuesday evening at $34 a share, above the high end of its already raised range of $28 to $30 a share. CrowdStrike raised more than $700 million through the offering, which comes as the Renaissance IPO ETF (PSE:IPO) has gained 33% on the year and as the S&P 500 (S&P:SPX) has climbed 15% in that time.
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CrowdStrike IPO: 5 things to know about the cybersecurity unicorn