tl;dr
Microsoft-backed cloud and data security company Rubrik is planning to raise up to $713M in its IPO, Reuters reported, citing people with knowledge of the matter. The start-up intends to sell 23 million shares in a price range of $28 to $31 per share. The Palo Alto, Calif.-based company would be val...
Microsoft-backed cloud and data security company Rubrik is planning to raise up to $713M in its IPO, Reuters reported, citing people with knowledge of the matter. The start-up intends to sell 23 million shares in a price range of $28 to $31 per share. The Palo Alto, Calif.-based company would be valued at about $5.4B, at the upper end of the price range, the report added. The cybersecurity company plans to list its shares on the NYSE under the symbol RBRK. However, the plans could change and are subject to market conditions, the report noted. Rubrik saw a net loss of $354M for the fiscal year 2024 ended Jan. 31, compared to a net loss of $278M in the prior year. The company generated revenue of about $627.89M in fiscal 2024, compared to $599.82M in the same period a year ago, according to a regulatory filing earlier this month.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its Microsoft Windows operating systems, Microsoft Office suite, Internet Explorer, and Edge web browsers. It also produces Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. As of 2020, it ranked No. 21 in the Fortune 500 list of largest US corporations by total revenue and was the world's largest software maker by revenue in 2016. It is one of the Big Five companies in the US information technology industry, alongside Google, Apple, Amazon, and Facebook.
Sector: Technology
Industry: Services-Prepackaged Software
Market Cap: 313.49B
Current Price: $38.15
Change: 2.86 ( 11.06%)
52-Week Range: $30.61 - $462.06
PE Ratio: 0.363
Volume: 227,583,001
Dividend Yield: 0.332
EPS: 0.176
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