MicrosoftBacked Rubrik Leads Debut Trio Setting Steady IPO Pace (Bloomberg) Yahoo Finance
News Source : Yahoo Entertainment
News Summary
- Rubrik Inc
- rose 16% in its trading debut after the cloud and data security startup topped its fundraising goal
- The demand allowed Rubrik to price the shares at $32 apiece, a dollar above the marketed range
- The shares opened at $38
- 60 and rose as much as 25% from the IPO price before closing Thursday at $37
(Bloomberg) Rubrik Inc. rose 16% in its trading debut after the cloud and data security startup backed by Microsoft Corp. topped its fundraising goal with a $752 million initial public offering, s [+4655 chars]
Never miss a story from us, subscribe to our newsletter