Rubrik Execs on How Going Public Will Drive More Innovation

Why Cyber's First IPO Since 2021 Will Fuel Growth, Foster Customer Relationships Michael Novinson (MichaelNovinson) • April 26, 2024

Rubrik began trading on the New York Stock Exchange on Thursday under the ticker symbol "RBRK," unlocking the first cybersecurity IPO since September 2021. That move validates the data protection and cyber resilience markets and puts Rubrik at the center of that conversation.

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The data security firm's stock is up 17.5% in its first two days of trading to $37.59 per share, raising Rubrik's valuation to $6.59 billion (see: Rubrik IPO Filing Reveals Sales Acceleration, Growing Losses).

Being publicly traded demonstrates Silicon Valley-based Rubrik's financial stability and growth potential to partners and investors alike and opens the door to acquisitions that could enhance the company's technological edge and market reach, said co-founder and CTO Arvind Nithrakashyap ...