Rubrik’s stock pops 20% in IPO debut

Rubrik Inc. seemed to cheque disconnected the close boxes for investors Thursday arsenic its banal surged successful its nationalist debut.

Shares of Rubrik RBRK opened astatine $38.60, 21% supra their initial-public-offering terms of $32. The archetypal commercialized was executed astatine 12:47 p.m. Eastern clip for 2.7 cardinal shares.

The cybersecurity institution offered 23.5 cardinal shares...