Loading...
Market
Story
Rubrik IPO Prices at $32, Raises $752M, Market Cap Hits $5.6B, Surges 20% on Debut
Apr 25, 2024, 07:39 AM
Rubrik, a Microsoft-backed cloud and data security startup, recently priced its IPO at $32 per share, significantly above the anticipated range of $28-$31. This pricing led to the company raising $752 million by offering 23.5 million shares, resulting in a market valuation of approximately $5.6 billion and a fully diluted valuation of $6.6 billion. The IPO was notably oversubscribed, with demand reaching 20 times the number of available shares. Rubrik's successful IPO is seen as a pivotal moment for the software industry, potentially influencing future software IPOs. The company's shares surged by 20% in their NYSE debut.
View original story
Similar markets
Below $32 • 25%
$32 to $64 • 25%
$65 to $96 • 25%
Above $96 • 25%
Below $32 • 25%
$32 to $40 • 25%
$41 to $50 • 25%
Above $50 • 25%
Below $30 • 25%
Between $30 and $32 • 25%
Between $32 and $35 • 25%
Above $35 • 25%
Below IPO price • 33%
Equal to IPO price • 34%
Above IPO price • 33%