- Bloomberg
Microsoft-Backed Rubrik Tops IPO Goal to Raise $736 Million
(Bloomberg) -- Cybersecurity firm Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., is raising $736 million in its initial public offering priced above a marketed range, according to a person familiar with the matter.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper
- Reuters
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
Rubrik, the cybersecurity software startup that counts Microsoft among its investors, priced its initial public offering at $32 per share on Wednesday above its indicated price range, according to a person familiar with the matter. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the source said, requesting anonymity as the discussions are confidential. It infers a valuation of $5.6 billion on Palo Alto, California-based Rubrik.
- Motley Fool
Should You Buy Microsoft Stock Before Earnings
Microsoft is benefiting from the rising effectiveness of artificial intelligence.
