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Rubrik to Raise Up to $713M in NYSE IPO, Reports $627.9M Revenue

Apr 15, 2024, 01:05 AM

Microsoft-backed cloud and data security startup Rubrik has filed for an IPO, aiming to raise between $500 million to $713 million. The company, which will be listed on the NYSE under the ticker RBRK, reported a revenue growth of nearly 5% to $627.9 million in the fiscal year ended January 2024, despite widening losses of 28% to $354 million. This move follows high-profile IPO debuts from Reddit $RDDT and Astera Labs $ALAB earlier in the year.