Rubrik, a cloud data security company, priced its IPO at $32 per share, above the expected range, raising $752 million by selling 23.5 million shares. The IPO valued Rubrik at $5.6 billion, making it the largest in the data security segment. The stock opened at $38.60 per share on the NYSE, leading to a 20% increase in its debut trading. Rubrik's net loss in the latest fiscal year was $354 million, compared to around $278 million in the prior year. The company's revenue is increasing, and its costs/losses will be closely watched.
Rubrik IPO debuts on NYSE, its share price (NYSE: RBRK) jumping Friday to $38.90 and as of the market opening Monday sits at a comfortable $35.51. https://t.co/6y7JKQaQ7K
LISTEN NOW: Shares of the software maker Rubrik are up about 20% since its debut on the NYSE yesterday. We discuss the impact on the public market. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT https://t.co/fYLsI26rtL
Rubrik goes public, as the stock closed up nearly 16% in the cybersecurity company’s first day of trading. https://t.co/7gCogrRNg0
Shares of Microsoft-backed Rubrik jump as much as 25% on first trading day. https://t.co/0u1b7wguuU
🎉🤖🔒 Microsoft-backed, IIT graduate-founded Rubrik completes IPO after raising $752M funding. https://t.co/uyiZ3Ntj1f @rubrikInc @Microsoft #cybersecurity #funding #IPO #news #Unicorns #US https://t.co/Hio6Ugd0eQ
Rubrik stock pops 16% in NYSE debut after company prices IPO above range https://t.co/zHykRjwA4r $rbrk
Data management company Rubrik debuted at $38.60 on the NYSE today. $RBRK CEO Bipul Sinha tells @jonfortt and the crew why he believes Rubrik is set up for success in the cybersecurity market. https://t.co/EL0T9vfW8V
Rubrik’s shares end trading up almost 16% on the company’s public debut https://t.co/brDjbpz07s
Well, Rubrik pops 15% in first day of trading, so perhaps the IPO market can continue its comeback
Rubrik $RBRK opens its IPO @NYSE at $38.60 after pricing at $32. The IPO market is definitely opening up. Next week, cruise operator Viking floats $1 billion proposed offering. @CNBC
Rubrik went public today, with the stock popping 20%. Some notes: • ~$6.7B market cap • $627M in revenue which grew 4% y/y as co moves away from perpetual licenses • $785M in subscription ARR growing 47% y/y • 133% net dollar retention • 77% gross margins but -50%…
Microsoft-backed Rubrik's stock jumps nearly 21% in NYSE debut https://t.co/wMw4GwNbIp https://t.co/RZ6CZsROh5
Rubrik’s shares climb 20% in its public debut https://t.co/brDjbpz07s
Rubrik’s shares climb 20% in its public debut: https://t.co/zgmKgN0sjs by TechCrunch #infosec #cybersecurity #technology #news
Rubrik shares jumped as much as 25% in its trading debut after the cloud and data security startup backed by Microsoft raised $752 million in its initial public offering https://t.co/6UyP9oACnc
Shares of data security and management company @rubrikInc rose 21% in early trading Thursday, marking the latest large software debut in an IPO market that’s showing signs of resurgence after a long lull. https://t.co/fzO3mYssCq
Cloud data management startup Rubrik opens up 20% at $38.60 per share in its NYSE debut, after raising $752M at a $5.6B valuation (CNBC) https://t.co/T2BJysyM4r 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/7S3IDiM1ah
Rubrik’s stock pops 20% in IPO debut https://t.co/EkXxl9qmPp
⚠️ MICROSOFT-BACKED RUBRIK'S STOCK JUMPS NEARLY 21% IN NYSE DEBUT Full Story → https://t.co/YE4RXUYbMy Rubrik's shares rose nearly 21% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion. https://t.co/eEv9y1O13U
Strong start for Rubrik thus far. IPO priced above the range and it opened with a pop
Rubrik pops 20% in NYSE debut after pricing IPO above range https://t.co/i7GAJyB7WN
Rubrik opens at $38.60 per share in market debut, after pricing IPO at $32 https://t.co/t6CvsQwI4d
Microsoft-backed Rubrik priced its #IPO above a marketed range and slightly expanded it to raise a total of $752 million. https://t.co/eMahucPsKy via @technology
Rubrik valued at $5.6 billion after massively oversubscribed IPO prices above range. https://t.co/Lo5U5jvi3c
Rubrik, the VC-backed cloud data security unicorn, opened for bidding on the NYSE this morning. It is the largest ever in the data security segment and the largest IPO for an information security company since SentinelOne's $11 billion exit in 2021. 📈 https://t.co/OcMheTe8UY
"Rubrik prices IPO at $32, above the expected range. They have a $354M net loss in the latest fiscal year, compared with around $278M during the prior year." Increasing revenue and costs/losses will be a true test... This will open at $45 bc so much pent up demand though
$RBRK Rubrik priced 23.5 million shares at $32, above the price talk of 23 million shares at $28-$31, raising $752 million.
Rubrik prices IPO at $32 per share, above expected range, per CNBC.
$RBRK Rubrik prices IPO at $32 per share, above the expected range - CNBC https://t.co/eYp7eLrvuB