Microsoft-backed Rubrik files to offer 23M shares in U.S. IPO

seekingalpha04-16

Microsoft (NASDAQ:MSFT)-backed cybersecurity firm Rubrik has filed to offer 23M shares of its Class A common stock, targeting a valuation of up to $5.44B in its U.S. initial public offering. The ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2427682948?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1456739978/image_1456739978.jpg","is_english":true,"pubTime":"2024-04-16 20:33","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2427682948","market":"us","top_or_hot":-1,"title":"Microsoft-backed Rubrik files to offer 23M shares in U.S. IPO","media":"seekingalpha","content":"<div>\n<p>Microsoft (NASDAQ:MSFT)-backed cybersecurity firm Rubrik has filed to offer 23M shares of its Class A common stock, targeting a valuation of up to $5.44B in its U.S. initial public offering. The ...</p>\n\n<a href=\"https://seekingalpha.com/news/4090003-microsoft-backed-rubrik-files-to-offer-23m-shares-in-us-ipo\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft-backed Rubrik files to offer 23M shares in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft-backed Rubrik files to offer 23M shares in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-16 20:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4090003-microsoft-backed-rubrik-files-to-offer-23m-shares-in-us-ipo><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (NASDAQ:MSFT)-backed cybersecurity firm Rubrik has filed to offer 23M shares of its Class A common stock, targeting a valuation of up to $5.44B in its U.S. initial public offering. The ...</p>\n\n<a href=\"https://seekingalpha.com/news/4090003-microsoft-backed-rubrik-files-to-offer-23m-shares-in-us-ipo\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALAB","symbol_name":"Astera Labs, Inc.","start_time":0,"source_url":"https://seekingalpha.com/news/4090003-microsoft-backed-rubrik-files-to-offer-23m-shares-in-us-ipo","article_id":"2427682948","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1456739978/image_1456739978.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2427682948","pubTimestamp":1713270833,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Microsoft (NASDAQ:MSFT)-backed cybersecurity firm Rubrik has filed to offer 23M shares of its Class A common stock, targeting a valuation of up to $5.44B in its U.S. initial public offering. The share","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALAB":"Astera Labs, Inc.","BK4552":"Archegos爆仓风波概念","BK4503":"景林资产持仓","BK7095":"多种金属与采矿","LU0149725797.USD":"汇丰美国股市经济规模基金","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","BK4097":"系统软件","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4110":"抵押房地产投资信托","BK4579":"人工智能","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","RDDT":"Reddit","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","MSFT":"微软","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0072462426.USD":"贝莱德全球配置 A2","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","BK4528":"SaaS概念","BK4516":"特朗普概念","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","BK4592":"伊斯兰概念","LU0056508442.USD":"贝莱德世界科技基金A2","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4550":"红杉资本持仓","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4576":"AR","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU0171293334.USD":"贝莱德英国基金A2","LU0109392836.USD":"富兰克林科技股A","BK4587":"ChatGPT概念","BK4525":"远程办公概念","BK4566":"资本集团","ARR.AU":"American Rare Earths Ltd","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","ARR":"ARMOUR住宅房地产公司","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4527":"明星科技股","BK4577":"网络游戏","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4077":"互动媒体与服务","BK4588":"碎股","BK4141":"半导体产品"},"translate_title":"微软支持的Rubrik申请在美国首次公开募股2300万股","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ARR":1,"RDDT":1,"MSFT":1,"ALAB":1,"ARR.AU":1},"content_text":"Microsoft (NASDAQ:MSFT)-backed cybersecurity firm Rubrik has filed to offer 23M shares of its Class A common stock, targeting a valuation of up to $5.44B in its U.S. initial public offering. The shares are to be offered at an estimated price per share of $28.00 and $31.00, resulting in net proceeds of approximately $632.6M (or $729.3M if the underwriters’ option to purchase additional shares is exercised in full) based on an assumed offering price of $29.50/share, the midpoint of the price range set forth in the filing. The underwriters have an option to purchase up to an additional 3,450,000 shares. Goldman Sachs, Barclays, Citigroup, and Wells Fargo Securities are among the underwriters managing the offering. Concurrently with, and conditioned upon, the pricing of this offering and certain other conditions, the company plans to issue senior notes, referred to as the Bridge Notes, to Goldman Sachs & Co. LLC and Barclays Capital. A portion of the net proceeds will be used to “repay in full the outstanding principal amount under the Bridge Notes and accrued interest thereon.” Any remaining proceeds will be used for general corporate purposes or for acquisitions of complementary businesses/products. The cybersecurity company plans to list its shares on the NYSE under the symbol \"RBRK.\" Rubrik's filing follows successful offerings in the past months from social-media company Reddit (RDDT) and semiconductor technology company Astera Labs (ALAB). As of January 31, 2024, Rubrik had 1,742 customers generating more than $100,000 in subscription annual recurring revenue (ARR) and 99 customers generating more than $1,000,000 in subscription ARR. The firm saw its subscription ARR rise 47% Y/Y to $784M as of January 31, 2024. However, net losses widened to $354.2M in fiscal 2024, with the company attributing this to continued investment in expanding its business.   More on Microsoft, Rubrik, Inc., etc.  Microsoft: Decent Buying Opportunity Microsoft: Fair Valuation Has Been Reached, However, This Can Make It Undervalued Again (Rating Downgrade) Microsoft's Bloated Valuation Leaves No Room For Error Microsoft invests $1.5B in UAE-based AI firm G42; Brad Smith to join board OpenAI appoints ex-Amazon exec to lead AI push in Japan, opens 1st office in Asia","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2427682948"}