Rubrik Shares Jump 21% in Market Debut
In this article:
Rubrik shares opened 21% higher in their market debut, as the provider of cybersecurity software became the latest tech company to tap the initial public offering market. More recently, shares of Rubrik—which built a software-as-a-service platform to detect data-security risks—traded at $37.13. Last night, the company’s IPO was priced at $32, higher than its guided range of $28 to $31.