"Rubrik, Backed by Microsoft, Files for IPO Amid Thawing Tech Market"

Rubrik, a data security software vendor, has filed to go public on the New York Stock Exchange under the ticker symbol "RBRK," following a recent thawing of the IPO market. The Silicon Valley company, which now generates most of its revenue from cloud-based software, plans to offer IPO shares to certain partners, friends, and family members through a directed share program. With a revenue of $627.9 million and a net loss of $354.2 million in the latest fiscal year, Rubrik is backed by major shareholders including Lightspeed Venture Partners and Microsoft.