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Rubrik Files Registration Statement for Proposed Initial Public Offering

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Rubrik, Inc. filed a registration statement for an initial public offering of its Class A common stock on the New York Stock Exchange under the symbol 'RBRK'. The offering details are yet to be determined, with lead book-running managers including Goldman Sachs, Barclays, Citigroup, and Wells Fargo. Additional book-running managers and co-managers are also appointed for the proposed offering.
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The announcement from Rubrik, Inc. about its planned initial public offering (IPO) represents a significant milestone for the company, indicating its readiness to enter the public market and expand its investor base. As a market research analyst, examining the competitive landscape of data management and cloud services is essential. Rubrik's entry into the public domain through the NYSE will likely increase its visibility and potentially attract new partnerships and customers, which can be critical for growth in this sector.

Furthermore, the involvement of high-profile financial institutions such as Goldman Sachs and Barclays as lead book-running managers suggests confidence in Rubrik's business model and future prospects. These institutions typically support IPOs that they believe have strong potential for growth and are well-received by the market. However, investors should be mindful of the volatility and risk associated with IPOs, as initial performance can be influenced by broader market sentiments and not just company fundamentals.

From a financial perspective, the lack of details on the number of shares to be offered and the price range is not uncommon at this stage of an IPO. This information will be determined based on market conditions and investor interest during the roadshow process. The IPO pricing will be a critical factor in determining the company's market capitalization and the funds raised, which can be used to fuel further expansion, research and development and potentially acquisitions.

Investors should evaluate Rubrik's financial health by analyzing the prospectus once it's available. Key metrics to assess would include revenue growth, profit margins and cash flow statements. It's important to understand how Rubrik stacks up against its competitors in terms of financial performance and market share. The company's long-term strategy and its execution will be vital in assessing the potential return on investment.

The legal process of an IPO is complex and involves rigorous scrutiny from the U.S. Securities and Exchange Commission (SEC). Rubrik's filing of a registration statement on Form S-1 is just the beginning of this process. The statement will include detailed information about the company's business, financials and risks associated with the investment. Potential investors should pay close attention to the risk factors and management's discussion and analysis sections for insights into the challenges the company might face.

Since the registration statement has not yet become effective, there is a mandatory waiting period during which the SEC reviews the document for completeness and accuracy. This is a critical step to protect investors and ensure transparency. The fact that the offering will be made only by means of a prospectus reinforces the importance of due diligence. It is essential for investors to wait for the SEC's approval before any investment decisions can be made, as premature commitments could lead to legal and financial repercussions.

PALO ALTO, Calif.--(BUSINESS WIRE)-- Rubrik, Inc. today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission related to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Rubrik intends to list its Class A common stock on the New York Stock Exchange under the symbol “RBRK.”

Goldman Sachs & Co. LLC, Barclays, Citigroup, and Wells Fargo Securities will act as lead book-running managers for the proposed offering, with Goldman Sachs & Co. LLC acting as representative of the underwriters. Guggenheim Securities, Mizuho, Truist Securities, BMO Capital Markets, and Deutsche Bank Securities will act as additional book-running managers. KeyBanc Capital Markets, Cantor, CIBC Capital Markets, Capital One Securities, Wedbush Securities, and SMBC Nikko will act as co-managers.

The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained 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.

A registration statement related to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, 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.

Jessica Moore

Vice President of Communications, Rubrik

415.244.6565

Jessica.Moore@rubrik.com

Melissa Franchi

Head of Investor Relations, Rubrik

781.367.0733

Melissa.Franchi@rubrik.com

Source: Rubrik

Rubrik intends to list its Class A common stock on the New York Stock Exchange under the symbol 'RBRK'.

Goldman Sachs & Co. , Barclays, Citigroup, and Wells Fargo Securities will act as lead book-running managers for Rubrik's proposed offering.

Copies of the preliminary prospectus, when available, may be obtained from Goldman Sachs & Co. , 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.

The registration statement related to Rubrik's securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective.

This press release states that there shall not be an offer to sell or buy these securities until the registration statement becomes effective.

:RBRK

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