Rubrik opens at $38.60, IPO priced at $32

Rubrik pricied of its upsized initial public offering of 23.5M shares at a public offering price of $32.00 per share. The shares are trading on the New York Stock Exchange under the symbol “RBRK.” Goldman Sachs, Barclays, Citigroup, and Wells Fargo Securities are acting as lead book-running managers for the offering. Rubrik says it helps organizations “achieve business resilience against cyberattacks, malicious insiders, and operational disruptions.”