Rubrik’s plans to go public come as the U.S. IPO market is showing early signs of a rebound after stock market launches froze up during most of 2022 and 2023
among its prominent investors, is aiming to raise as much as $713-million in its initial public offering, according to a person familiar with the matter.
At the upper end of the range, Rubrik would be valued at about $5.4 billion, the source added, cautioning the company’s plans are subject to market conditions and could change.. Founded in 2014 by venture capitalist Bipul Sinha, Rubrik makes cloud-based ransomware protection and data-backup software. The company serves more than 5,000 business customers, including Nvidia Corp and Home Depot.
Revenue Loss Company Share Rubrik Source End Barclays Home Depot Palo Alto
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