Rubrik, Inc. (RBRK) Announces April 25th IPO

Rubrik, Inc. (RBRK) is planning to raise $678 million in an initial public offering on Thursday, April 25th, IPO Scoop reports. The company will be issuing 23,000,000 shares at a price of $28.00-$31.00 per share.

In the last year, Rubrik, Inc. generated $627.9 million in revenue and had a net loss of $354.2 million. The company has a market-cap of $5.2 billion.

Rubrik Inc. provided the following description of their company for its IPO: “We are on a mission to secure the world’s data. (Incorporated in Delaware) Cyberattacks are inevitable. Realizing that cyberattacks ultimately target data, we created Zero Trust Data Security to deliver cyber resilience so that organizations can secure their data across the cloud and recover from cyberattacks. We believe that the future of cybersecurity is data security—if your data is secure, your business is resilient. We built Rubrik Security Cloud, or RSC, with Zero Trust design principles to secure data across enterprise, cloud, and software-as-a-service, or SaaS, applications. RSC delivers a cloud native SaaS platform that detects, analyzes, and remediates data security risks and unauthorized user activities. Our platform is architected to help organizations achieve cyber resilience, which encompasses cyber posture and cyber recovery. We enable organizations to confidently accelerate digital transformation and leverage the cloud to realize business agility. Traditional cybersecurity approaches have failed to not only prevent but also provide recovery from increasingly rampant and sophisticated cyberattacks. At the same time, legacy backup and recovery solutions have significant shortfalls in addressing cyber recovery and data security as they were primarily built for operational and natural disaster recoveries. They were not designed to enable reliable recovery from cyberattacks, nor were they designed to natively deliver cyber threat analytics and event response. Architecture matters when it comes to securing data. We built a unique SaaS architecture that combines data and metadata from business applications across enterprise, cloud, and SaaS applications to create self-describing data as a time-series. Self-describing data contains information such as application context, user identity, data sensitivity, and application lineage. This allows us to apply artificial intelligence and machine learning directly to business data to understand emergent data security threats and deliver cyber recovery. Our Zero Trust Data Security platform assumes that information technology infrastructure will be breached, and nothing can be trusted without authentication.  (Note: Rubrik unveiled its IPO terms – 23.0 million shares at a price range of $28.00 to $31.00 – to raise $678.5 million, based on mid-point pricing at $29.50, according to an S-1/A filing early Tuesday, April 16, 2024. Background: Rubrik filed its S-1 on April 1, 2024, without disclosing terms for its proposed IPO. The S-1 filing included a placeholder figure of $100 million for the IPO’s proceeds. However, some Wall Street pros believe that Rubrik’s IPO could raise as much as $500.0 million.)   “.

Rubrik Inc. was founded in 2013 and has 3100 employees. The company is located at 3495 Deer Creek Road Palo Alto, California 94304 (844) 478-2745 and can be reached via phone at (844) 478-2745 or on the web at http://www.rubrik.com/.