Rubrik, a software company focused on cybersecurity and data backup, successfully launched its IPO, becoming a public company listed on the NYSE under the ticker $RBRK. The IPO was significantly anticipated, being 20 times oversubscribed, highlighting strong investor interest. This event marks a notable achievement for Silicon Valley, particularly for a group known as the 'IIT Mafia,' which consists of Indian immigrant engineers who have founded several successful software companies. The IPO valuation reached $5.6 billion, underscoring Rubrik's impact on the tech and financial markets.
Congrats to the entire team at Rubrik for reaching this milestone! π https://t.co/nMVVtsyooi
What a moment. @rubrikInc $RBRK https://t.co/UufnlJAwbd
Today marked an exciting milestone of Rubrik becoming a public company. Thank you for joining us in celebration, and we look forward to continuing to secure the worldβs data! #RubrikIPO https://t.co/CF1Aw7y7nF
Rubrikβs $5.6 Billion IPO Is Latest Win For The βIIT Mafia,β A Group Of Indian Engineers Turned CEOs https://t.co/cO3bWoGOs7 https://t.co/RnhyqjQOff
Rubrik's IPO today is a rare recent public win for Silicon Valley. But it's just the latest for the 'IIT Mafia,' a small group of Indian immigrant engineers who've since started software standouts like Nutanix, Rubrik and Glean. My story in @forbes: https://t.co/V8c7mf2OJM
Rubrik's IPO today is a rare recent public win for Silicon Valley. But it's just the latest for the 'IIT Mafia,' a small group of Indian immigrant engineers who've since started software standouts like Nutanix, Rubrik and Glean. My latest in @forbes: https://t.co/V8c7mf2OJM
Thank you to our customers, partners, Rubrikans, investors, and supporters for joining us on our mission to secure the worldβs data. #RubrikIPO https://t.co/XLlZmW2CIb
LIVE on NYSE TV ποΈ It's #RubrikIPO day! Join us in celebrating @RubrikInc's mission of securing the world's data as they list on NYSE. $RBRK https://t.co/whdWOkBd4q
Today's a great day for a #RubrikIPO π Join us in welcoming @rubrikInc to our NYSE Community! $RBRK https://t.co/eqdzgs7fsZ
#Rubrik #IPO 20x oversubscribed https://t.co/Vh6Y0hDwbf
Software companies (and their VCs) will be closely watching Rubrik's IPO on Thurs. It has brought cybersecurity growth to a sleepy, crowded corner of the data backup market. Details on their forecasts, roadshow pitch & investor convos herein: https://t.co/S4FEN9Bdbt