By ET Bureau - September 04, 2023 1 Mins Read
Bloomberg reported that data protection provider Rubrik Inc. could hold its initial public offering as early as this year.
There have long been rumors that Rubrik intends to list its shares on the stock exchange. The company might list in 2024, according to sources cited by Reuters in June, if the IPO market “becomes more welcoming.” Other tech companies have applied to go public since that report, which may be one of the reasons Rubrik is thinking about moving up its listing to this year.
According to Bloomberg’s sources, the company could raise between USD 500 million and USD 700 million from the sale of its shares. Prior to now, Reuters stated that it hoped to raise up to USD 750 million.
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