CrowdStrike Holdings, Inc.’s $703.8 Million Initial Public Offering

Davis Polk advised CrowdStrike Holdings, Inc. on its SEC-registered initial public offering. Cooley LLP acted as counsel to the underwriters.

CrowdStrike Holdings offered 20,700,000 shares of Class A common stock for an aggregate price to the public of approximately $703.8 million, including 2,700,000 shares sold pursuant to the underwriters’ option to purchase additional shares. The shares are listed on the Nasdaq Global Select Market under the symbol “CRWD.”

CrowdStrike was founded in 2011 to reinvent security for the cloud era. With the Falcon platform, CrowdStrike created the first multi-tenant, cloud native, intelligent security solution capable of protecting workloads across on-premise, virtualized, and cloud-based environments running on a variety of endpoints such as laptops, desktops, servers, virtual machines and Internet of Things devices. CrowdStrike is headquartered in Sunnyvale, California.

The Davis Polk corporate team included partner Alan F. Denenberg (Picture) and associates Emily Roberts, Beth Lebow and Daniel Reichert. The intellectual property and technology team included partner Pritesh P. Shah and associate Jay Frankel. Partner Rachel D. Kleinberg provided tax advice. Partner Veronica M. Wissel and counsel Gregory D. Hughes provided executive compensation advice. Partner John B. Reynolds III provided compliance advice.

Involved fees earner: Alan Denenberg – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Gregory Hughes – Davis Polk & Wardwell; Rachel Kleinberg – Davis Polk & Wardwell; Beth LeBow – Davis Polk & Wardwell; Daniel Reichert – Davis Polk & Wardwell; John Reynolds – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Pritesh P. Shah – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: CrowdStrike Inc.;

Author: Ambrogio Visconti