Preview: Rubrik, Inc Set To IPO Tomorrow
Portfolio Pulse from Benzinga Insights
Rubrik, Inc (NYSE:RBRK) is set to IPO on April 25, offering shares at a price range of $28.00 to $31.00. The company, focusing on Zero Trust Data Security to enhance cyber resilience, will have a 180-day insider lock-up period ending on October 22, 2024.

April 24, 2024 | 3:00 pm
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POSITIVE IMPACT
Rubrik, Inc's IPO is set for April 25 with shares priced between $28 and $31. The company's focus on Zero Trust Data Security positions it in the growing cybersecurity market.
The IPO of Rubrik, Inc represents a significant event for the company and potential investors. Given the increasing importance of cybersecurity, the company's focus on Zero Trust Data Security could attract significant investor interest, potentially leading to a positive short-term impact on its stock price post-IPO. The pricing range of $28 to $31 per share indicates a strong market interest, and the insider lock-up period suggests confidence from insiders in the company's long-term prospects.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100