Crowdstrike Holdings Inc

In 2019, several high-profile tech IPOs made their debut in public markets. Let’s look at what’s in store for them as we head towards 2020.

On Thursday, CrowdStrike stock rose 8.1% and closed at $41.74. Based on the last closing price, the company has a market capitalization of $8.9 billion.

Peloton (PTON) shares rose close to 10% on Friday to close trading at $35.5 per share. The stock gained 21% in the last week that ended on November 29.

The Technology Select Sector ETF (XLK) has fallen 0.8% on the day. Several tech stocks are trading in the red, particularly the overvalues stocks.