Cybersecurity software firm rubrik is aiming to raise up to $713 million in its initial public offering (IPO). The company plans to sell 23 million shares priced between $28 and $31 per share. If successful, rubrik would be valued at about $5.4 billion. rubrik makes cloud-based ransomware protection and data-backup software and serves over 5,000 business customers. The company’s subscription annual recurring revenue grew 47% compared to the previous year. rubrik is also cooperating with a U.S. fraud investigation into one of its former employees. You Can Read Full News By Clicking On Below Link.
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