Rubrik prices IPO at $32 per share, above the expected range
Rubrik prices IPO at $32 per share, above the expected range
Apr 24, 2024 by CNBC
Key Facts
- Greylock Partners Rubrik, a data-management software company backed by Microsoft, priced its IPO at $32 a share, according to a person familiar with the matter.
- The 10-year-old company had planned to sell 23 million shares ahead of its New York Stock Exchange debut on Thursday, and will trade under the ticker symbol “RBRK.”
- Last week the company said in a filing that it was expecting to price the offering at $28 to $31 per share.
- Businesses can use the software to secure data in cloud applications and in public clouds and prevent data loss in the event of ransomware attacks.
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