The firm boasts a prestigious clientele, including The Home Depot, PepsiCo, and the Denver Broncos, as well as several major Wall Street banks and technology companies.
In collaboration with Microsoft Corp., Rubrik plans to invest $220 million over the next decade in Microsoft’s Azure cloud computing platform.
IPO Surge and Dual-Class Stock Structure
Rubrik’s IPO announcement follows a recent surge in tech listings, with social media platform Reddit Inc. and AI semiconductor maker Astera Labs Inc. both raising significant funds through their initial offerings.
The company will offer public Class A shares with one vote each, while reserving Class B shares with 10 votes each for existing investors such as Lightspeed Venture Partners, Greylock Partners, and CEO Sinha.
Goldman Sachs & Co. LLC, Barclays Capital Inc., and several other leading investment banks are serving as underwriters for Rubrik’s public offering.
Cooley LLP is representing Rubrik, with a team led by partners Jon Avina, Calise Cheng, and Milson Yu. Latham & Watkins LLP is advising the underwriters, led by Rick Kline and Sarah Axtell.
