Rubrik held meetings to prepare for IPO.
Rubrik could be on track to hold its IPO this year, and its investor roadshow could start as early as October, according to people familiar with the matter.
The people said the offering could raise $500 million to $700 million, asking not to be identified because the matter is private. The timing and the amount to be raised could still change and depend on market conditions. Rubrik could still move its IPO into next year, they added.
The people said the company held a meeting with research analysts on Thursday to help them better understand Rubrik’s operations and make growth analyses and predictions accordingly.
According to individuals who asked to remain anonymous due to the secret nature of the discussions, the Microsoft Corporation (NASDAQ:MSFT)-backed cybersecurity software startup has lined up Goldman Sachs (NYSE:GS), Citigroup, and Barclays PLC (LSE:BARC) for the IPO.
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With Rubrik's imminent Initial Public Offering (IPO) on the horizon, investors are focused on this promising company and its potential to disrupt the cybersecurity industry.
Rubrik will join a handful of technology companies with sizable IPOs planned for the coming months, widely viewed as a gauge of the market’s reception towards new listings. SoftBank Group Corp.’s Arm Holdings is set to launch its roadshow for its offering next week, with other IPO candidates Instacart and Klaviyo not far behind.
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Disclaimer
Private companies carry inherent risks and may not be suitable for all investors. The information provided in this article is for informational purposes only and should not be construed as investment advice. Always conduct thorough research and seek professional financial guidance before making investment decisions.
