Cybersecurity Firm Cloudstrike Files for IPO

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Cloudstrike, already a unicorn at $3.4 billion in valuation, is taking the next step and joining the ranks of tech startups going public this year.

The company confirmed its intentions with a public SEC filing. It will list on the NASDAQ exchange under the ticker symbol “CRWD”.

The eight year old company raised $481 million in venture capital so far.

According to the filing, the Sunnyvale, Calif based cybersecurity company wants to raise up to $100 million from its IPO. It reported a loss of $140 million on revenue of $250 million for the year ended January 31. The previous year saw a loss of $141 million on revenues of $119 million.

Cloudstrike will be the fifth IPO for a tech firm this year, behind  Pinterest, Zoom,  Lyft and Uber. The latter two have been met with disappointing results.