Rubrik’s $5.6 Billion IPO Is Latest Win For The ‘IIT Mafia,’ A Group Of Indian Engineers Turned CEOs
by Forbes
Forbes— A group of Indian immigrant friends have started some of Silicon Valley’s top enterprise startups, including Nutanix, Glean and Rubrik, which went public on Thursday.
Fortune—Rubrik valued at $5.6 billion after massively oversubscribed IPO prices above range. The Microsoft-backed cloud data platform raised a total of $736 million.
Fortune—Cruise operator Viking raises $1.5 billion in year’s largest IPO. Although the IPO market has been heating up, the upcoming election could reduce the number of public offerings seen before 2025.
Gothamist—NYC’s rent-stabilized tenants could face 6.5% increase after latest board vote. Residents protest outside of Tuesday night's meeting before the board considers future raises in rent prices. The board voted on a preliminary range ahead of a final, binding vote in June. [ more › ]