Microsoft-Backed Rubrik Seeks Up to $713 Million in IPO
- Data security startup to market shares for $28 to $31 apiece
- Rubrik to join growing roster of newly-public tech companies
Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., is seeking to raise as much as $713 million in its initial public offering, as investor appetite for technology listings continues to rebound.
The company plans to market 23 million shares for $28 to $31 each, according to its filing Tuesday with the US Securities and Exchange Commission. At the top of the range, it would have a market value of roughly $5.4 billion, based on the outstanding shares in the document.