Investor's Business Daily

IPO WATCH

Rubrik IPO: Data Security Firm Prices At 32, Above Range

  • Data security software firm Rubrik (RBRK) got off to a strong start in its trading debut Thursday.
  • Founded in 2014, Rubrik sells software designed to secure data in the cloud, relying on "zero trust" principles.
  • Microsoft invested in Rubrik in 2021 in a deal that reportedly valued the company at $4 billion.
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