Latham & Watkins Advises on Rubrik, Inc.’s Upsized US$752 Million IPO

Rubrik, Inc. has announced the pricing of its upsized initial public offering of 23,500,000 shares of its Class A common stock at a public offering price of US$32.00 per share. In addition, Rubrik has granted the underwriters a 30-day option to purchase up to an additional 3,525,000 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions. The shares began trading on the New York Stock Exchange on April 25, 2024, under the symbol “RBRK.” The offering is expected to close on April 29, 2024, subject to customary closing conditions.

Latham & Watkins LLP represented the underwriters in the offering with a capital markets team led by Bay Area partners Rick Kline and Sarah Axtell, with associates Zuza Gruca, Taimi Jacobson, and Kayleigh Kuyon. Advice was also provided on debt matters by New York/Los Angeles partner Greg Rodgers, New York partner Benjamin Stern, and New York counsel Gemma Mootoo Rajah, with associate Isabelle Sawhney; on benefits and compensation by Bay Area partners Ashley Wagner and James Metz and Boston partner Brian McManus; on governance matters by Bay Area partner Christopher Frey; on FINRA matters by New York partner Gail Neely and New York corporate attorneys Marta Talarek and Edyta Hannas; on regulatory matters by Washington, D.C. counsel Tim McCarten and Ruchi Gill, with associate Matthew Crawford; on tax matters by Bay Area partner Kirt Switzer, with associate Greg Conyers; on data and technology transaction matters by Bay Area partner Michelle Gross and Houston/Austin counsel Robert Brown, with associates Andrew Abokhair and Kiara Vaughn; and on other corporate matters by Bay Area partner Bob Koenig and New York partner Senet Bischoff.