Microsoft-Backed Rubrik Aims for IPO as Soon as This Year
- Offering could raise between $500 million and $700 million
- The company held a meeting with research analysts this week
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Rubrik Inc., a cloud and data security startup backed by Microsoft Corp., is on track to hold its initial public offering this year and its investor roadshow could start as early as October, according to people familiar with the matter.
The offering could raise $500 million to $700 million, the people said, asking not to be identified because the matter is private. The timing and the amount to be raised could still change and depends on market conditions. Rubrik could still always move its IPO into next year, they added.