Rubrik files to go public as tech companies see thawing of IPO market
Publishing timestamp: 2024-04-01 19:22:49
Summary
Rubrik filed to go public on the New York Stock Exchange under the ticker symbol "RBRK." The company's IPO prospectus shows a net loss widening in the latest fiscal year, but revenue also increasing. The market for IPOs is showing signs of life after a dry spell, with companies like Reddit and Astera Labs recently going public. Rubrik is backed by Microsoft and has key investors like Lightspeed Venture Partners and Greylock Partners.
Sentiment: NEUTRAL
Tickers: ALAB, NTNX, RDDT, DELL, IBM, UNDEFINED, MSFT,
Keywords: business news, microsoft corp, klaviyo inc, astera labs inc, business, breaking news: technology, enterprise, technology, nutanix inc, instacart (maplebear inc), dell technologies inc, reddit inc, international business machines corp,