CrowdStrike almost doubles in debut as tech IPOs rush ahead

Software maker CrowdStrike Holdings soared in its trading debut after raising $612 million in one of the biggest-ever initial public offerings for a cybersecurity company.
The company was founded in Irvine in 2011 and shifted its base to Sunnyvale in 2017 as venture capital investments stacked up.
Shares opened Wednesday at $63.50 in New York and rose as much as 97% from their IPO price to $67. The stock closed up 71% to $58. That valued the company at about $11.41 billion, almost quadruple its