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Rubrik, Inc. has priced its upsized initial public offering of 23.5 million shares of its Class A common stock at $32.00 per share, with an option for underwriters to purchase an additional 3.525 million shares. The stock will trade on the NYSE under the symbol 'RBRK', with an expected trading start date of April 25, 2024. The offering is set to close on April 29, 2024. Goldman Sachs, Barclays, Citigroup, and Wells Fargo are the lead book-runners for the offering.
Rubrik, Inc. ha fissato il prezzo del suo aumento dell'offerta pubblica iniziale a 23,5 milioni di azioni della sua classe A a $32,00 per azione, con un'opzione per gli underwriter di acquistare ulteriori 3,525 milioni di azioni. Le azioni saranno negoziate alla NYSE con il simbolo 'RBRK', con una data prevista per l'inizio delle negoziazioni il 25 aprile 2024. L'offerta si concluderà il 29 aprile 2024. Goldman Sachs, Barclays, Citigroup e Wells Fargo sono i principali book-runner dell'offerta.
Rubrik, Inc. ha establecido el precio de su oferta pública inicial ampliada en 23.5 millones de acciones de su Clase A a $32.00 por acción, con una opción para los suscriptores de adquirir 3.525 millones de acciones adicionales. Las acciones se negociarán en la NYSE bajo el símbolo 'RBRK', y se espera que la negociación comience el 25 de abril de 2024. La oferta está programada para cerrar el 29 de abril de 2024. Goldman Sachs, Barclays, Citigroup y Wells Fargo son los líderes coordinadores de la oferta.
Rubrik, Inc.는 자사의 A급 일반 주식 23.5백만 주의 증가된 공개 청약 가격을 주당 32.00달러로 책정하고, 언더라이터가 추가로 3.525백만 주를 구매할 수 있는 옵션을 제공하였습니다. 주식은 'RBRK'라는 심볼로 NYSE에서 거래될 예정이며, 거래 시작 예정일은 2024년 4월 25일입니다. 공모는 2024년 4월 29일에 마감됩니다. 골드만삭스, 바클레이스, 시티그룹, 웰스파고가 이번 공모의 주요 북러너입니다.
Rubrik, Inc. a fixé le prix de son offre publique de vente initiale agrandie de 23,5 millions d'actions de classe A à 32,00 $ par action, avec une option pour les souscripteurs d'acheter 3,525 millions d'actions supplémentaires. Les actions seront négociées sur le NYSE sous le symbole 'RBRK', avec une date de début de négociation prévue pour le 25 avril 2024. L'offre devrait se clôturer le 29 avril 2024. Goldman Sachs, Barclays, Citigroup et Wells Fargo sont les chefs de file pour l'offre.
Rubrik, Inc. hat den Preis für ihr aufgestocktes öffentliches Angebot von 23,5 Millionen Aktien der Klasse A auf $32,00 pro Aktie festgelegt, mit einer Option für Konsortialführer, zusätzliche 3,525 Millionen Aktien zu erwerben. Die Aktien werden unter dem Symbol 'RBRK' an der NYSE gehandelt, mit einem erwarteten Handelsbeginn am 25. April 2024. Das Angebot ist für den Abschluss am 29. April 2024 angesetzt. Goldman Sachs, Barclays, Citigroup und Wells Fargo sind die führenden Konsortialbanken für das Angebot.
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The IPO pricing at $32.00 per share and its upsized volume at 23.5 million shares indicate strong investor interest and confidence in Rubrik, Inc. This is bolstered by the company's decision to grant a 30-day option for an additional 3.525 million shares, which suggests anticipation of a robust demand. The role of high-profile underwriters such as Goldman Sachs and Barclays also adds credibility to the offering. Investors should note that these underwriters' involvement typically implies a thorough vetting process. From a financial standpoint, the offering's success could inject significant capital into the company, potentially funding growth initiatives and strengthening the balance sheet. However, investors should be aware of post-IPO volatility and consider the company's fundamentals, market position and growth prospects in comparison to industry peers.
The entrance of Rubrik, Inc. into the public market can stimulate competition within the data management sector. Given that the company begins trading on the New York Stock Exchange under the symbol 'RBRK', the investor enthusiasm on the first day of trading will act as a barometer of market sentiment toward the data management industry. It's important for investors to monitor the initial performance and compare it with that of established competitors. This IPO might also lead to strategic partnerships or acquisitions, reshaping the landscape. Investors should keep a keen eye on the company's post-IPO deployment of capital towards innovation, customer acquisition and potential international expansion.
PALO ALTO, Calif.--(BUSINESS WIRE)--
Rubrik, Inc. today announced the pricing of its upsized initial public offering of 23,500,000 shares of its Class A common stock at a public offering price of $32.00 per share. In addition, Rubrik has granted the underwriters a 30-day option to purchase up to an additional 3,525,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares are expected to begin trading on the New York Stock Exchange on April 25, 2024, under the symbol “RBRK.” The offering is expected to close on April 29, 2024, subject to customary closing conditions.
Goldman Sachs & Co. LLC, Barclays, Citigroup, and Wells Fargo Securities are acting as lead book-running managers for this offering, with Goldman Sachs & Co. LLC acting as representative of the underwriters. Guggenheim Securities, Mizuho, Truist Securities, BMO Capital Markets, and Deutsche Bank Securities are acting as additional book-running managers. KeyBanc Capital Markets, Cantor, CIBC Capital Markets, Capital One Securities, Wedbush Securities, and SMBC Nikko are acting as co-managers for the offering.
A registration statement related to the shares being sold in this offering was declared effective by the U.S. Securities and Exchange Commission on April 24, 2024. This offering is being made only by means of a prospectus, copies of which may be obtained, when available, from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ny.email.gs.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Rubrik
Rubrik is on a mission to secure the world’s data. With Zero Trust Data Security™, we help organizations achieve business resilience against cyberattacks, malicious insiders, and operational disruptions. Rubrik Security Cloud, powered by machine learning, secures data across enterprise, cloud, and SaaS applications. We help organizations uphold data integrity, deliver data availability that withstands adverse conditions, continuously monitor data risks and threats, and restore businesses with their data when infrastructure is attacked.
