Comment on Rubrik IPO: Stock price will be closely watched today as Microsoft-backed cybersecurity firm lists on NYSE

Rubrik IPO: Stock price will be closely watched today as Microsoft-backed cybersecurity firm lists on NYSE

The Palo Alto company is the latest tech startup to test Wall Street’s appetite at a time when investors are gravitating toward larger public offerings. While not as high-profile as the Reddit IPO, another tech company is going public today, and it’s got a powerful backer. Cybersecurity firm Rubrik, Inc. will hold its initial public offering in a further sign that the tech IPO market is bouncing back after several lackluster years during which investors seemed to have lost their appetite for tech stock public offerings.

 

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