Rubrik IPO
Tradingprice, listing and company profile
IPO price$32.00Price range: $28.00 – $31.00
Deal size$752M23,500,000 shares
Valuation$5.6BIPO valuation
- IPO filing
- Roadshow
- Pricing
- First trade
- Quiet period
- Lockup
Performance since IPO
Confirmed share price history
No published trading history yet
IPO recap
Confirmed offering terms
Rubrik filed IPO documents on Apr 1, 2024. Confirmed offering terms are shown below.
FiledApr 1
PricingApr 24
First tradeApr 25
Lockup ends—
The short version
Rubrik has traded publicly since 2024-04-25. This profile covers the final price, share count, proceeds, business model, operating context and key risks.
Key takeaway 1
Rubrik priced 23.5 million shares at $32 and began trading on the NYSE on 25 April 2024.
Key takeaway 2
The company sells a recurring security and recovery platform to enterprise customers.
Key takeaway 3
Growth must be balanced against infrastructure, sales and stock-compensation costs.
Company in detail
What happened at the IPO
Rubrik priced its initial public offering at $32.00 per share and began trading on 2024-04-25 on the NYSE under RBRK. The final price, base share count and gross size are the confirmed transaction terms; they are separate from later market performance.
The deal included 23,500,000 base shares and an over-allotment option for 3,525,000 additional shares. The offering was an issuance of Class A shares by Rubrik with an underwriters’ over-allotment option.
Company and products
Rubrik is Cloud and data-security software for backup, recovery and cyber resilience. Its core offering includes Data protection, threat monitoring, recovery orchestration and cloud-native security services.
Rubrik sells to enterprises that need to recover data after ransomware, outages or operational mistakes. The company’s route to scale therefore depends on both product demand and the operating discipline needed to serve that demand.
Capital, ownership and use of proceeds
The registration materials described the capital structure and the distinction between new shares and shares sold by existing holders. Product development, sales and marketing, working capital and general corporate purposes.
The headline gross offering value is not the same as cash retained by the issuer. Underwriting discounts, offering expenses, selling-stockholder proceeds and any concurrent securities must be read separately in the final prospectus.
Financial and operating lens
FY2024 revenue: $627.9M. Revenue for the fiscal year ended 31 January 2024 as presented in IPO materials.
The public-market analysis should connect this operating measure to revenue quality, cash conversion, customer or user retention and the cost of expanding the platform. IPO proceeds can extend the runway, but they do not remove execution risk.
Why this IPO matters
Rubrik brought a high-growth cybersecurity subscription story to market while still carrying the cost of building global enterprise distribution.
The main questions after the first trade are whether the company can deliver on its stated growth plan, preserve service quality and turn the IPO story into durable public-company results.
- The IPO made cyber resilience a public-market theme, but customer retention remains the durable test.
Operating metrics
FY2024 revenue
$627.9MRevenue for the fiscal year ended 31 January 2024 as presented in IPO materials.
Jan 31, 2024Company profile
- Founded
- 2014
- Legal name
- Rubrik, Inc.
- Listing
- NYSE · RBRK
- Headquarters
- Palo Alto, California, United States
- Business
- Cloud and data-security software for backup, recovery and cyber resilience.
- Products
- Data protection, threat monitoring, recovery orchestration and cloud-native security services.
- IPO structure
- The offering was an issuance of Class A shares by Rubrik with an underwriters’ over-allotment option.
- Use of proceeds
- Product development, sales and marketing, working capital and general corporate purposes.
- First trade
- 2024-04-25
- Employees
- No published figure
Timeline
- Public registration filed
Rubrik moved from private preparation into a public registration process. Filing terms were preliminary and subject to later pricing.
- IPO priced
Rubrik announced a final price of $32.00 per share for the base offering.
- First trading day
The shares began trading on NYSE under RBRK.
- Closing confirmed
The issuer confirmed completion of the offering and the final capital-market structure.
FY2024 revenue
$627.9MRevenue for the fiscal year ended 31 January 2024 as presented in IPO materials.
Base shares offered
23,500,000Base deal size at the final price; the over-allotment option is shown separately.
Final IPO price
$32.00per shareFinal public offering price announced on 2024-04-24; this is the offer price, not a current market quote.
Employees
—No published figure
Net income
-$354MFY2024
Operating cash flow
—No published figure
Revenue
Reported financial periods · USD
$627.9MFY2024
FY2024
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Financial figures by period
| Period | Revenue | As of |
|---|---|---|
| FY2024 | $627,900,000.00 | Apr 24, 2024 |
Net income
Reported financial periods · USD
-$354MFY2024
FY2024
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Financial figures by period
| Period | Net income | As of |
|---|---|---|
| FY2024 | -$354,000,000.00 | Apr 24, 2024 |
Valuation & peers
Price-to-sales, revenue growth and gross margin
Comparable metrics unavailableComparable company figures for the same date are not available.
Revenue growth (%)
| Company | P/S | Growth | GM |
|---|---|---|---|
| Rubrik | — | — | — |
| No published peer comparison | |||
Context: Private financing valuations and modeled market values do not establish an IPO valuation. Revenue run-rate is not used here to calculate a price-to-sales ratio.
Private valuation and funding details
Final IPO price
$32.00 per shareFinal public offering price announced on 2024-04-24; this is the offer price, not a current market quote.
Base shares offered
23,500,000Base deal size at the final price; the over-allotment option is shown separately.
Gross base offering
$752.0MGross base offering value calculated from the disclosed base share count and IPO price; it is not net proceeds.
IpoHub score
How we score—Not rated
Balance sheet—
Growth—
Community—
Profitability—
Valuation—
Individual category scores are not available.
Where the money goes
$752MIPO raise
Use of proceeds—
Allocation percentages—
Net proceeds—
See the reported use of IPO proceeds below.
Reported use of proceeds
- use
- Product development, sales and marketing, working capital and general corporate purposes.
- structure
- The offering was an issuance of Class A shares by Rubrik with an underwriters’ over-allotment option.
Key risks
Editorial analysisRansomware volatility
Security incidents are urgent but enterprise buying cycles can still be long and uneven.
Competition
Large cloud and software vendors compete for backup, security and recovery budgets.
Retention and expansion
The model depends on renewals and expanding workloads within large customers.
Operating losses
Growth investments and stock compensation can keep reported earnings under pressure.
Final deal terms
- Ticker
- RBRK
- Exchange
- NYSE
- IPO valuation
- $5.6B
- IPO price
- $32.00
- Price range
- $28.00 – $31.00
- Pricing date
- Apr 24, 2024
- First trading day
- Apr 25, 2024
- Shares offered
- 23,500,000
- Deal size
- $752M
- Underwriters
- Not confirmed
- Greenshoe shares
- 3,525,000
- Lockup
- Not confirmed
- Quiet period expirations
- Not confirmed
Rubrik IPO: where and how to invest
Where can I invest in the Rubrik IPO?
Rubrik shares have a confirmed trading start on NYSE under the ticker RBRK. You can buy through a broker that supports that market and makes the shares available to your account. Check the venue, fees and current quote; the market price can differ from the original IPO offer price.
Can I buy Rubrik shares now?
Rubrik's public trading start is confirmed. Whether you can buy the stock in your account depends on your broker's market access and account rules. A stock-market order buys at available market prices; it is not an IPO allocation at the original offering price.
When is the Rubrik IPO?
Rubrik's confirmed first trading day was Apr 25, 2024. The offering was priced on Apr 24, 2024.
What is the Rubrik IPO share price?
Rubrik's confirmed IPO offer price is $32.00 per share. This is the offering price, not a live stock-market quote.
What is Rubrik's stock ticker and exchange?
The ticker recorded in this profile is RBRK. The exchange recorded here is NYSE.
Can I buy Rubrik shares before the IPO?
The Rubrik offering tracked here already has a confirmed trading start. Buying on the stock market now is therefore not a pre-IPO investment. Check the current quote and available share class with your broker.
Where can I find the Rubrik IPO prospectus?
Check Rubrik's official investor-relations announcements and publications from the relevant regulator and exchange. A confidential submission or an announcement about it is not a publicly available prospectus. Before subscribing, read the final prospectus for the risks, price, share class and offering terms.
More questions about the Rubrik IPO
What problem does Rubrik solve?
It helps organizations protect, manage and recover data across on-premises and cloud environments.
What was the IPO price?
Rubrik priced its Class A common stock at $32 per share.
When did Rubrik begin trading?
Shares began trading on the NYSE on 25 April 2024.
What matters after the IPO?
Subscription growth, net retention, gross margin, cash use and the pace of enterprise expansion.
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