Rubrik’s shares end trading up almost 16% on the company’s public debut

Rubrik debuted on the NYSE at $38 per share (closing at $37), after pricing its IPO at $32 and raising $752M, implying a fully diluted valuation of $6.6B. The article details major venture backers and ownership stakes (Lightspeed, Greylock, Khosla, IVP, Bain, and others), notes the company’s slowing revenue growth ($599.8M to $627.9M YoY) alongside widening losses, and highlights a shift toward subscription revenue (91% in the latest quarter). It contrasts Rubrik’s unprofitable profile with other recent IPOs and discusses broader IPO market context amid interest rate uncertainties.