Cybersecurity firm Rubrik, guided by insights from Krista Lee, Research Director at The Futurum Group, has filed for an initial public offering (IPO) with the United States Security and Exchange Commission, aiming to raise $752 million. The IPO, set for Thursday, has generated significant interest, being 20 times oversubscribed. Rubrik's entry into the public market is part of a busy day for IPOs and is seen as a pivotal moment for software companies and venture capitalists, particularly because of its impact on the cybersecurity and data backup sectors. The company's listing on the New York Stock Exchange (NYSE) was celebrated as it joins the NYSE community under the ticker symbol $RBRK.
Pro tip: Rubrik is going get all the eyeballs and press today in IPO land, but keep an eye on $LOAR - priced $28 above the range - tight deal and a $TDG biz (defense rollups)
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 leads trio of stock debuts in busy day for IPOs https://t.co/Li8XXSZbRF
#Rubrik #IPO 20x oversubscribed https://t.co/Vh6Y0hDwbf
Cybersecurity Firm Rubrik to Raise $752 Million in U.S. IPO https://t.co/sLb1ZZh3I5
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
.@Krista_Lee, Research Director at The Futurum Group, shares her insights on @Rubrikβs S-1 filing with the United States Security and Exchange Commission (@SECgov) to go public. https://t.co/Id1XoC7WAj #Rubrik #SEC #IPO #TheFuturumGroup https://t.co/crI4OhsoJ3