Alphabet, Telstra and RackSpace-backed endpoint cybersecurity technology producer CrowdStrike will float above a range it had already increased.
CrowdStrike, the US-based endpoint protection software provider backed by internet and technology conglomerate Alphabet, cloud services provider RackSpace and telecommunications company Telstra, will raise $612m when it goes public today.
The company is issuing 18 million shares on the Nasdaq Global Select Market priced at $34.00 each, higher than the $28 to $33 range it set last week. Those terms had been increased from a $19 to $23 range it had originally determined late last month.
The underwriters have a…
