Microsoft-backed Rubrik is ready to file next week for IPO

The company has raised $1.18 billion from backers to date

Reddit’s IPO, the fourth largest this year, is a high-profile addition to 2024’s roster of newly and soon-to-be public companies. Picture: Getty

Rubrik, a cloud and data security startup backed by Microsoft, is planning to file as soon as next week for an initial public offering, according to people familiar with the matter.

Details of the company’s plans, including the timing, could still change, the people, who asked not to be identified discussing confidential information, said. A spokesperson for the Palo Alto, California-based Rubrik declined to comment.

Rubrik is set to join other companies planning to go ...