_microsoft-backed-rubrik-surpasses-expectations-with-ipo-pricing-at-3632-per-share.jpg "Microsoft-Backed Rubrik Surpasses Expectations with IPO Pricing at $32 per Share from tor steel price Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:43
👁 View: 845K times
✓ Published: 26-Apr-2024
👁 View: 845K times
✓ Published: 26-Apr-2024
Description:
Data management software company Rubrik priced its IPO at $32 per share, above its expected range. The company raised $752 million by selling 23.5 million shares in its debut on the NYSE, valuing Rubrik at $5.6 billion. Rubrik provides cloud-based cybersecurity software for data protection, backup and recovery, and ransomware prevention. Major backers include Microsoft, which invested in 2021, and Lightspeed Venture Partners, which will retain over 25% voting power. Rubrik is one of the first notable tech IPOs of 2024 following Reddit and Astera Labs earlier this year.
Data management software company Rubrik priced its IPO at $32 per share, above its expected range. The company raised $752 million by selling 23.5 million shares in its debut on the NYSE, valuing Rubrik at $5.6 billion. Rubrik provides cloud-based cybersecurity software for data protection, backup and recovery, and ransomware prevention. Major backers include Microsoft, which invested in 2021, and Lightspeed Venture Partners, which will retain over 25% voting power. Rubrik is one of the first notable tech IPOs of 2024 following Reddit and Astera Labs earlier this year.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_a-quick-review-of-the-xiaomi-14-ultra-phone.webp "A quick review of the Xiaomi 14 Ultra phone<br/>The price of the Xiaomi 14 Ultra phone for the global version is $1,350<br/>Xiaomi 14 Ultra phone<br/>The phone comes with the most powerful Snapdragon 8 Gen 3 processor in the world<br/>Xiaomi 14 Ultra phone<br/>The phone comes with four cameras, the first 50 megapixels with an optical stabilizer, the second 50 megapixels with an optical stabilizer, the third 50 megapixels with an optical stabilizer, and the fourth 50 megapixels.<br/>")
_co-op-live-prices-for-drinks-revealed-as-shocked-visitors-pay-8-95-for-pints.webp "Visitors to the new CO-OP Live arena which opened its doors for the first time this weekend have shared price lists for drinks – with many shocked at the £8.95 listing for some pints.<br/><br/><br/>'Ow much for a pie and pint?!")
_tesla-stock-soars-12-as-elon-musk-promises-more-affordable-electric-vehicles.webp "Tesla's stock price jumped 12% on Wednesday after CEO Elon Musk said the company would accelerate the rollout of more affordable electric vehicle models. Musk did not provide details on the cheaper EVs but said they would use Tesla's current manufacturing platforms and production lines. Analysts saw this as a sign Tesla had retreated from previous plans for an all-new $25,000 vehicle and would offer stripped-down versions of existing models. Competition and high costs have eaten into Tesla's bottom line after years of rapid growth, putting pressure on Musk to cut prices.")
_boy39s-bold-attempt-to-reach-his-friend39s-balcony-leads-to-an-unforeseen-accident.webp "In a quiet moment, this determined young boy set out to demonstrate his ability to leap from the entryway of his building to his friend's balcony.<br/><br/>The air was filled with absolute silence as he steeled himself with every ounce of courage and confidence he could muster.<br/><br/>He positioned himself for the jump, ready to prove his daring feat.<br/><br/>However, just as he was about to launch himself towards the balcony, a stroke of misfortune befell him.<br/><br/>The fence he relied on for support suddenly gave way, crashing towards the ground with a resounding thud.<br/><br/>Sadly, the boy's trajectory was disrupted.<br/> <br/>Location: Sydney, Australia<br/>WooGlobe Ref : WGA830158<br/>For licensing and to use this video, please email licensing@wooglobe.com")
_ibm-stock-plummets-as-disappointing-q1-sales-growth-as-it-aims-to-boost-revenue-and-profit-margins-with-366-4-billion-ha.webp "IBM's stock price dropped 9% after hours as its first-quarter sales growth of 1% to $14.5 billion disappointed investors. IBM's consulting division, it's second-largest, reported flat revenues of $5.2 billion, reflecting a \")
_alcohol-deaths-could-a-minimum-unit-price-policy-for-alcohol-be-introduced-to-the-rest-of-the-uk.webp "The rise in alcohol linked deaths comes as health experts welcomed an increase to the Scottish minimum unit price policy for alcohol - could England and Wales follow suit?")
⏲ 2:0 👁 295K
_oracle-ceo-reveals-ambitious-plans-for-nashville-headquarters-this-is-not-your-typical-corporate-campus.webp "Oracle CEO Larry Ellison announced the company's future headquarters in Nashville, TN, will include office buildings, a community clinic, restaurants, hotels, and a concert venue on a 70-acre site. The campus will have a \")
⏲ 0:45 👁 460K
_a-drone-has-captured-the-progress-on-work-to-build-the-new-whitchurch-swimming-and-fitness-centre.webp "<br/>Work began to demolish the former Whitchurch Swimming Centre, neighbouring youth hub and multi-sports area in January this year.<br/>Now, Shropshire Council says that the foundations are now complete on its £13.1m replacement and their contractor Pellikaan is making \")
⏲ 1:24 👁 525K
_a-quick-review-of-the-xiaomi-14-ultra-phone.jpg)
_co-op-live-prices-for-drinks-revealed-as-shocked-visitors-pay-8-95-for-pints.jpg)
_tesla-stock-soars-12-as-elon-musk-promises-more-affordable-electric-vehicles.jpg)
_boy39s-bold-attempt-to-reach-his-friend39s-balcony-leads-to-an-unforeseen-accident.jpg)
_ibm-stock-plummets-as-disappointing-q1-sales-growth-as-it-aims-to-boost-revenue-and-profit-margins-with-366-4-billion-ha.jpg)
_alcohol-deaths-could-a-minimum-unit-price-policy-for-alcohol-be-introduced-to-the-rest-of-the-uk.jpg)
_oracle-ceo-reveals-ambitious-plans-for-nashville-headquarters-this-is-not-your-typical-corporate-campus.jpg)
_a-drone-has-captured-the-progress-on-work-to-build-the-new-whitchurch-swimming-and-fitness-centre.jpg)
![[+]](/images/menu.gif){kind=small}