On Wednesday the Microsoft -backed company priced shares at $32 each, above its expected range of $28 to 31 per share.
In selling 23.5 million shares, it raised $752 million.
Rubrik shares are trading under the ticker "RBRK."
Many technology companies appeared on public markets in the 2010s as central banks kept interest rates low.
Rubrik, founded a decade ago, reported a $354 million net loss in the latest fiscal year, compared to a $278 million loss in the year prior.
Persons:
Rubrik, It's, Bipul Sinha
Organizations:
New York Stock Exchange, Microsoft, Astera Labs