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486 Inside Rubrik’s Pitch for Its High-Stakes Software IPO

The Information
Cory Weinberg @ The Information · 04/24/2024 14:00 EDT

Inside Rubrik’s Pitch for Its High-Stakes Software IPO

The next big test of the big IPO market for software firms comes later on Wednesday, when data security firm Rubrik is expected to price its initial public offering. On the surface, the company would be an unlikely IPO success right now. It is small and its business very niche, and it is losing money, which might turn off investors. To get Wall Street to dream bigger, Rubrik CEO Bipul Sinha has been invoking two highly respected software names in presentations: Salesforce and ServiceNow.

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