Rubrik held meetings to prepare for IPO.
Rubrik could be on track to hold its IPO 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 move its IPO into next year, they added.
The company held a meeting with research analysts on Thursday to help them better understand Rubrik’s operations and make growth analyses and predictions accordingly, the people said.
According to individuals who asked to remain anonymous due to the secret nature of the discussions, the Microsoft Corporation (NASDAQ:MSFT)-backed cybersecurity software startup has lined up Goldman Sachs (NYSE:GS), Citigroup, and Barclays PLC (LSE:BARC) for the IPO.
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With Rubrik's imminent Initial Public Offering (IPO) on the horizon, investors have their eyes set on this promising company and its potential to disrupt the cybersecurity industry.
Rubrik will be joining a handful of technology companies with sizable IPOs planned for the coming months, widely viewed as a gauge of the market’s reception towards new listings. SoftBank Group Corp.’s Arm Holdings is set to launch its roadshow for its offering next week, with other IPO candidates Instacart and Klaviyo not far behind.
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