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Crowdstrike Stock Jumps in Cybersecurity Firm’s IPO

Shares of cybersecurity software vendor CrowdStrike Holdings Inc. leapt in their stock market debut, ending the day up by 71%. So reports The Los Angeles Times.

That placed the company’s market capitalization around $11.4 billion, nearly four times its $3-billion valuation one year ago. Crowdstrike was launched in 2011 by ex-McAfee executives and counts Amazon and HSBC among its clients.

Read the full article from The Los Angeles Times.

 

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