Business

Cybersecurity unicorn CrowdStrike files to go public on the Nasdaq


Tencent Music seeks IPO in the USChinese internet giant Tencent is seeking to spin off its online music entertainment business and aim for an initial public offering in the US, according to a stock filing to the Hong Kong stock exchange.


CrowdStrike, one cybersecurity startup among many which call Silicon Valley home, has signaled its intent to go public and become listed on the Nasdaq stock exchange.


The startup offers the subscription-based Falcon platform to clients which is a cloud-based solution for threat detection, incident response, and five-second visibility into enterprise endpoint architecture.


The firm says that to date, 44 of the Fortune 100 are counted among its clients and 77 percent of total revenue was generated from customers based in the United States.


CrowdStrike predicts that FY 2019 revenue will be reported as roughly $249.8 million, a growth rate of 110 percent year-over-year.


Goldman Sachs, J.P. Morgan, BofA Merrill Lynch, and Barclays will act as the lead book-running managers for the proposed shift to the public markets.






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