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Investor Alert

June 12, 2019, 11:31 a.m. EDT

CrowdStrike stock soars more than 80% after IPO

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.

Read the full story:
CrowdStrike IPO: 5 things to know about the cybersecurity unicorn

Link to MarketWatch's Slice.