Stocks Surge in After-Hours Trading with Oracle, Rentokil, and Rubrik Making Headlines
After-hours trading saw significant movements in stocks like Oracle, Rentokil, and Rubrik, indicating potential market shifts and investor interest. Oracle’s tech sector influence, Rentokil’s consumer behavior insights, and Rubrik’s data management importance showcase the dynamic nature of the stock market and the need for informed investment decisions.
Stock Market Buzz: Upcoming IPOs to Watch This Week
Get ready for a week filled with new initial public offerings (IPOs) hitting the stock market. Companies like LOAR, KMCM, RBRK, MRX, RAN, YYGH, and MFI are gearing up to go public, presenting exciting investment opportunities for traders. Don’t miss out on these upcoming IPOs!
Cybersecurity Tech Company Rubrik Plans IPO After Microsoft Support
Rubrik, a cybersecurity tech company supported by Microsoft (NASDAQ:MSFT), is planning to initiate an initial public offering (IPO) as early as next week. Founded in 2014, Rubrik provides innovative cybersecurity solutions such as cloud-based ransomware protection. Some of its major customers include NVIDIA (NASDAQ:NVDA) and Home Depot (NYSE:HD). Microsoft invested in Rubrik in 2021, with the company’s valuation estimated at around $4 billion. According to Bloomberg, Rubrik could aim to raise between $500 million and $700 million from its IPO. Other top IPO contenders such as Stripe and Databricks could possibly wait for another year before stepping into public markets.