tl;dr
SA Editor Brandon Evans, SA News Editor Rubrik (RBRK), a Microsoft-backed (MSFT), cloud-based cybersecurity firm, set its stock price at $32 for its initial public offering, according to a report by CNBC. The price came in higher than the $28 to $31 range expected in the company's filing with the U....
SA Editor Brandon Evans, SA News Editor Rubrik (RBRK), a Microsoft-backed (MSFT), cloud-based cybersecurity firm, set its stock price at $32 for its initial public offering, according to a report by CNBC. The price came in higher than the $28 to $31 range expected in the company's filing with the U.S. Securities and Exchange Commission last week. Palo Alto-based Rubrik planned to sell 23M shares. It will appear on the New York Stock Exchange tomorrow under the ticker RBRK. The offering raised $752M and valued the company at $5.6B. Rubrik attracted 20 times as many orders for its IPO than there were available shares, according to a report Tuesday by Bloomberg. The firm saw its subscription ARR rise 47% year over year to $784M as of January 31, 2024. However, net losses widened to $354.2M in the latest fiscal year, with the company attributing this to continued investment in business expansion, according to its SEC filing. Losses were $278M for the year prior. Rubrik's filing follows offerings in the past months from social-media company Reddit (RDDT) and semiconductor technology company Astera Labs (ALAB). Last month, Rubrik announced a partnership with the AI-native CrowdStrike (CRWD) Falcon XDR platform.
More about Microsoft Corporation
Microsoft Corporation is an American multinational technology company known for its production of computer software, consumer electronics, and personal computers. Its flagship software products include the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. In terms of hardware, Microsoft is recognized for the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers. As of 2020, Microsoft ranked No. 21 in the Fortune 500 rankings of the largest United States corporations by total revenue and was the world's largest software maker by revenue in 2016. It is considered one of the Big Five companies in the U.S. information technology industry, alongside Google, Apple, Amazon, and Facebook.
Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 302.84 billion
Current Price: $36.88
Change: 2.86 ( 11.05%)
52-Week Range: $30.61 - $433.88
EPS: 0.363
Volume: 227,583,001
Dividend Yield: 0.332
P/E Ratio: 0.176
More about Reddit, Inc.
Reddit, Inc. operates a website that organizes digital communities. The company is headquartered in San Francisco, California.
Sector: Technology
Industry: General
Market Cap: $7.31 billion
Dividend Yield: 0%
Beta (Volatility): 1.36
Revenue: $804.03 million
Net Income: $0
P/E Ratio: 0
EPS: $0.246
More about Astera Labs, Inc. Common Stock
Stock Analysis: Astera Labs, Inc. Common Stock
Astera Labs, Inc. designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure. The company is headquartered in Santa Clara, California.
Sector: Technology
Market Cap: $10,675,210,000
Dividend Yield: N/A
EPS: $3.119
Change: -0.227
Volume: 115,794,000
52-Week High: $0.598
More about Crowdstrike Holdings Inc
Crowdstrike Holdings Inc Summary
CrowdStrike Holdings, Inc. provides cloud solutions for endpoint and cloud workload protection in the United States, Australia, Germany, India, Israel, Romania, and the United Kingdom. The company is headquartered in Sunnyvale, California.
Industry: TECHNOLOGY
Sector: SERVICES-PREPACKAGED SOFTWARE
Market Cap: $72.48 billion
Current Price: $832.36
Dividend Yield: None
P/E Ratio: 12.8
EPS: 0.0292
Volume: 3,055,555,000
52-Week High: $394.32
52-Week Low: $0.326
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