It's been a hot market for "New Enterprise SaaS" companies and CrowdStrike (CRWD) has added fuel to the fire by pricing their IPO last night at $34 - that compares to the original $19-23 filing range!
CrowdStrike has certainly positioned themselves aggressively as the "new enterprise cloud" for information security. By doing so they put themselves in the company of other enterprise SaaS success stories like Salesforce, ServiceNow and Workday.
CrowdStrike is benefiting from being the new kid on the IT security block because they've been able to build their product from the ground . . .