I am really surprised. I haven't heard anyone talk about this.
Here is there S1
https://www.sec.gov/Archives/edgar/data/1943896/000119312524083525/d359771ds1.htm
Here is a few articles to catch you up
https://fortune.com/2024/04/17/microsoft-backed-rubrik-looking-to-raise-713-million-in-latest-tech-ipo/
https://www.meritechcapital.com/blog/rubrik-ipo-or-s-1-breakdown
I would think that tech company with 46% year over year growth, MSFT backing, and almost billion dollars in revenue would have some kind of buzz going for it. (Growth numbers are taken from Meritech article. It actually states 47% year over year cloud subscription ARR. Revenue is over 600 million, so it's not really close to 1 billion. The company is also running over 350 million dollar Net Loss. I was being facetious. I attached a link to S1 and article show case the descripencies as to you see in articles and what actually filed. And so you can see the info quickly yourself)
What I am missing? What about this company is bad? Is there some kind of danger in investing in something that is already successful? I am noob so I am very serious about these questions.
Let me know your thoughts about this company. I believe it will hit the market 4/25. And maybe 4/24 for big ballers.
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