Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
Activists with Black Lives Matter, who met privately with Buttigieg in the weeks after police shot and killed Eric Logan, say the 37-year-old mayor brushed off their concerns...2020 Electionsread more
The report, published by Rep. Carolyn Maloney, used data from the Giffords Law Center to Prevent Gun Violence and the Centers for Disease Control to estimate the cost of gun...Politicsread more
Russia slammed Trump's decision to tighten sanctions on Iran following strikes at a crude-processing plant and oil field in Saudi Arabia.Politicsread more
According to a report in the Wall Street Journal, WeWork co-founder Adam Neumann has floated the idea of becoming Israel's prime minister or leader of the world.Technologyread more
Federal prosecutors and commodity regulators have broadened their investigation into spoofing activity after receiving information from traders questioned for spoofing-related...Marketsread more
General Motors announced on Wednesday that it plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at U.S. plants during...Autosread more
Trump said he "is revoking" a federal waiver that allowed the state to craft its own rules on greenhouse gas emissions from vehicles.Politicsread more
FedEx CEO Fred Smith mentioned Amazon as one of his competitors during Tuesday's earnings call, a shift in stance for a company that's long downplayed Amazon's move into the...Technologyread more
DoubleLine Capital's Jeffrey Gundlach spoke to CNBC on Wednesday ahead of the Federal Reserve's decision on interest rates.Marketsread more
Shares of Roku fell on Wednesday after Comcast announced a new deal on its connected boxes and Facebook launched a new Portal TV device.Technologyread more
CrowdStrike on Tuesday priced shares in its initial public offering at $34 each, above the high end of the range. The company raised $612 million ahead of its debut on public markets.
The cybersecurity firm, which will begin trading Wednesday morning on the Nasdaq under the ticker symbol "CRWD," was expected to price its 18 million Class A shares between $28 and $30 per share. Pricing at the top end of the range would have raised more than $600 million, according to CrowdStrike's prospectus, if the underwriters exercised certain options.
CrowdStrike uses cloud-based technology to detect and analyze attempted security breaches. It follows several other major tech companies into the public markets this year. Uber, Pinterest, PagerDuty, Zoom and Lyft have already gone public in 2019. Messaging platform company Slack is expected to follow later this month.
In its S-1 filing, Crowdstrike reported a net loss of $140 million on $250 million in revenue for the year ending January 31. The company also reported subscription relationships with more than 2,500 customers, including Credit Suisse and Amazon Web Services.
CrowdStrike was valued at $3 billion in a private round earlier this year. It had 1,455 full-time employees as of January 31, according to the filing.
The company's stock is divided into Class A shares — offered for public sale — and Class B voting shares. Private equity company Warburg Pincus is the largest shareholder of the Class B tier, with 30% of outstanding Class B shares as of the time of the offering.
Goldman Sachs, J.P. Morgan, Bank of America Merrill Lynch and Barclays are the lead underwriters on the offering. The underwriters have the option of buying up to 2.7 million more shares of Class A stock at the IPO price, according to a statement.
— CNBC's Jordan Novet contributed to this report.