Cloud and data security company Rubrik will submit an IPO application next week.

next week.

However, sources said that the offering arrangements of Rubrik may change. A spokesperson for Rubrik declined to comment on the above news.

According to earlier foreign reports, Rubrik has already submitted a confidential listing application. Goldman Sachs, Barclays, and Citi are currently the company’s listing financial advisors, with a fundraising amount ranging from $500 million to $700 million.

According to PitchBook data, Rubrik has raised a total of $1.18 billion in the private market. Microsoft invested in Rubrik in 2021, and the company’s valuation at that time was $4 billion.

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