Microsoft-backed Rubrik prices US IPO above range at $32/shr

NEW YORK: Rubrik, the cybersecurity software startup that counts Microsoft among its investors, on Wednesday priced its initial public offering at $32 per share, above its indicated price range.

Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares, the company said in a statement. This confirmed an earlier Reuters report about the offering details.