When Asheem Chandna drove up to Rubrik’s office in Palo Alto on a Friday night in early 2015, he was looking forward to learning what the young company that had yet to build its product would show him. The Greylock partner wasn’t disappointed. The company’s CEO, Bipul Sinha, drew Rubrik’s plan to revamp the data […]
Rubrik’s shares end trading up almost 16% on the company’s public debut
Rubrik shares hit the New York Stock Exchange Thursday, debuting at $ 38 a share. The cybersecurity company priced its shares at $ 32 apiece Wednesday night, just a hair over its initial target range of $ 29 to $ 31 after raising $ 752 million. This share price gives Rubrik a fully diluted valuation […]
Salesforce’s silly deal dies, Rubrik’s IPO, and venture capital in space
It’s going to be a big week! Tech earnings are coming up, the EV wars are on (and how!), and it feels like venture capital has its head in the clouds. All that adds up to one packed Equity episode! Today, we dug into the latest markets news, including upcoming earnings, IPOs, and what impact […]
Rubrik’s IPO filing hints at thawing public markets for tech companies
Rubrik, a data cybersecurity company that raised more than a half-billion dollars while private, filed to go public after the bell on Monday. Following quickly on the heels of debuts from Reddit and Astera Labs, the choice by Rubrik to pursue a public offering now could indicate that the IPO market is warming for tech […]