Rubrik pops 20% in NYSE debut after pricing IPO above range

▤ Summary

Data management software maker Rubrik began trading on the New York Stock Exchange on Thursday. Its a closely-watched debut that will help investors gauge whether the market for initial public offerings has reopened for late-stage startups. Many technology companies appeared on public markets in the 2010s as central banks kept interest rates low. Worries about a weakening economy starting in late 2021 led investors to become less interested in unprofitable companies. Reddit and Astera Labs , which sells data center connectivity chips, went public in March.

▦ Linked Companies

Rubrik

$500M to $1B