Rubrik IPO Indicating $38/Share On 931,988 Shares; IPO Priced At $32/Share On 23.5M Shares
Portfolio Pulse from Benzinga Newsdesk
Rubrik's IPO is indicating an opening price of $38 per share on 931,988 shares, with the IPO initially priced between $32 per share on 23.5 million shares.
April 25, 2024 | 3:27 pm
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Rubrik's IPO is indicating a strong opening at $38 per share, higher than the initial pricing range of $32 per share.
The indication of Rubrik's IPO opening at $38 per share, which is above the initial pricing range, suggests strong investor interest and a positive market reception. This could lead to a short-term increase in stock price as demand outstrips the initial supply.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100