In a significant move within the tech industry, Rubrik, Inc., a leader in Zero Trust Data Security™, has announced its plans to enter the public market. The Palo Alto-based company filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of its Class A common stock. While the exact number of shares and their price range are currently undecided, this development marks a pivotal moment for the company and investors alike.

Rubrik intends to list its stock on the New York Stock Exchange under the ticker symbol “RBRK,” signaling a new chapter in its ambitious mission to secure the world’s data. The move underscores the growing importance of cybersecurity in an era increasingly defined by cyber threats and data breaches. Rubrik’s approach to data security, emphasizing business resilience against cyberattacks, malicious insiders, and operational disruptions, positions the company as a pivotal player in the global effort to safeguard digital information.

The company’s flagship service, Rubrik Security Cloud, leverages machine learning to protect data across enterprise systems, cloud environments, and SaaS applications. This comprehensive solution aims to ensure data integrity, continuous risk and threat monitoring, and rapid restoration in the event of infrastructure attacks. As businesses worldwide navigate the complexities of digital transformation, Rubrik’s focus on securing data ecosystems has never been more critical.

For the proposed IPO, Rubrik has enlisted a powerhouse roster of financial firms to manage the offering. Goldman Sachs & Co. LLC, Barclays, Citigroup, and Wells Fargo Securities will serve as lead book-running managers, with Goldman Sachs & Co. LLC acting as the representative of the underwriters. An assortment of additional book-running managers and co-managers, including Guggenheim Securities, Mizuho, and Deutsche Bank Securities among others, will also play key roles in the offering process.

As this initiative progresses, interested parties can obtain copies of the preliminary prospectus from Goldman Sachs & Co. LLC once available. It’s crucial to note, however, that the offering is subject to approval by the U.S. Securities and Exchange Commission and will only proceed once the registration statement becomes effective.

Rubrik’s journey toward IPO status is a testament to the company’s growth and its leading role in the evolving field of data security. Founded with a vision to protect the world’s data, Rubrik has established itself as a critical defender against the mounting threats facing digital information today. As businesses and individuals alike grapple with the challenges of securing data in a hyper-connected world, Rubrik’s public offering represents not just a financial milestone, but a step forward in the collective endeavor to preserve the integrity and availability of digital information.