Rubrik pops 20% in NYSE debut after pricing IPO above range
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Rubrik to debut on NYSE, IPO priced at $32 per share
Data management software company Rubrik (RBRK) is poised to make its highly anticipated debut on the New York Stock Exchange. The initial public offering (IPO) will see the company's shares listed on the exchange under the ticker symbol "RBRK" with an initial offering price of $32 per share. Rubrik is backed by Microsoft (MSFT), which holds a stake in the company. Yahoo Finance Executive Editor Brian Sozzi sheds light on the company's operations and what this listing means for the broader...
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Rubrik prices IPO at $32 per share, above the expected range
Rubrik is hitting the market at a historically slow time for venture-backed tech IPOs.
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Microsoft-backed Rubrik prices US IPO above range at $32 per share
Rubrik prices its initial public offering above its previous target range of $28-$31, valuing it at around $5.6 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission