Rubrik pops 20% in NYSE debut after pricing IPO above range
Publishing timestamp: 2024-04-25 13:45:08
Summary
Rubrik began trading on NYSE, priced IPO above expected range, raised $752 million, showing appetite for tech IPOs. Rubrik's revenue from subscriptions has increased, with Microsoft as an investor. Co-founder and CEO prepared company for IPO based on market conditions and investor interest.
Sentiment: POSITIVE
Tickers: UNDEFINED, RDDT, ALAB, MSFT,
Keywords: reddit inc, business news, astera labs inc, technology, rubrik inc, ipo, microsoft corp, breaking news: technology, breaking news,
Source: https://www.cnbc.com/2024/04/25/rubrik-ipo-rbrk-starts-trading-on-new-york-stock-exchange.html