Cybersecurity unicorn CrowdStrike now has a share price for its upcoming Initial Public Offering (IPO), ZDNet reports. The announcement comes after CrowdStrike revealed plans to go public and make its debut on the Nasdaq under the ticker “CRWD” in an S-1 document filed with the SEC in mid-May.

The news outlet reports that CrowdStrike, currently valued at $3.4 billion, will offer 18 million shares of Class A common stock for between $19 and $23 each, according to documents filed with the US Securities and Exchange Commission (SEC). Goldman Sachs, J.P. Morgan, BofA Merrill Lynch and Barclays will manage the IPO, according to ZDNet.

The Silicon Valley-based startup’s most well-known offering is its cloud-based Falcon platform, which provides a suite of tools offering threat detection, incident response and enterprise architecture visibility.

To-date, the company has raised $481 million in earlier funding rounds, with investors including Accel, CapitalG and Institutional Venture Partners (IVP). At mid-range pricing, the IPO could potentially raise over $350 million for CrowdStrike, according to ZDNet.

“We founded CrowdStrike in 2011 to reinvent security for the cloud era.”

Competing with cybersecurity incumbents such as McAfee, Symantec and Kaspersky has been costly for CrowdStrike, which reported a financial deficit of $519.1 million as of Jan. 31, and is not yet profitable. It is expected to experience more losses in favor of growth.

"We founded CrowdStrike in 2011 to reinvent security for the cloud era," says the company’s prospectus. "When we started the company, cyberattackers had a decided, asymmetric advantage over existing security products. We turned the tables on the adversaries by taking a fundamentally new approach that leverages the network effects of crowdsourced data applied to modern technologies such as AI, cloud computing, and graph databases.”

Related: Read More About Cybersecurity

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