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Key Takeaways
Rubrik's Strong Debut
"Microsoft-backed Rubrik's stock jumps 21% in NYSE debut..." – Reuters, 25 Apr 2024.
Rubrik's data-security focus, recurring revenue model and blue-chip partnerships helped it achieve a market cap above $6 billion on day one. The company is now expanding zero-trust backups to AI workloads—an angle that continues to attract institutional investors.
e=110]What's Next in the IPO Queue?[/size]
Arctic Wolf filed confidentially with the SEC in March 2025. Sources told Reuters the Minnesota-based XDR vendor aims to raise roughly $600 million.
Snyk and Wiz each surpassed $100 million ARR and are expected to seek valuations above $10 billion.
Cybereason is also rumored to be preparing a 2025 listing after restructuring and new funding from SoftBank
Cybereason is also rumored to be preparing a 2025 listing after restructuring and new funding from SoftBank.
Market Context
Cybersecurity spending is forecast to grow 13% CAGR through 2028 (Gartner). IPO investors are rewarding vendors that show:
SEO Keywords
cybersecurity IPOs, Rubrik IPO, upcoming cybersecurity IPO 2025, Arctic Wolf IPO, Snyk IPO, Wiz IPO, Cybereason IPO, cybersecurity stock market
Bottom Line
The 2024-2025 IPO window is reopening for high-growth cybersecurity firms. Watch Rubrik's post-IPO performance and the Arctic Wolf filing for clues on investor appetite in the second half of 2025.
The Latest Cybersecurity IPOs: 2024-2025 Overview
Key Takeaways
- Rubrik (RBRK) raised $752 million in April 2024 and closed its first trading day up 21%.
- Arctic Wolf Networks confidentially filed for a 2025 IPO that could value the company at $6 billion.
- Snyk, Wiz & Cybereason have all revived listing plans, signaling a busy pipeline for H2 2025.
Rubrik's Strong Debut
"Microsoft-backed Rubrik's stock jumps 21% in NYSE debut..." – Reuters, 25 Apr 2024.
Rubrik's data-security focus, recurring revenue model and blue-chip partnerships helped it achieve a market cap above $6 billion on day one. The company is now expanding zero-trust backups to AI workloads—an angle that continues to attract institutional investors.
e=110]What's Next in the IPO Queue?[/size]
Arctic Wolf filed confidentially with the SEC in March 2025. Sources told Reuters the Minnesota-based XDR vendor aims to raise roughly $600 million.
Snyk and Wiz each surpassed $100 million ARR and are expected to seek valuations above $10 billion.
Cybereason is also rumored to be preparing a 2025 listing after restructuring and new funding from SoftBank
Cybereason is also rumored to be preparing a 2025 listing after restructuring and new funding from SoftBank.
Market Context
Cybersecurity spending is forecast to grow 13% CAGR through 2028 (Gartner). IPO investors are rewarding vendors that show:
- Predictable subscription revenue
- Cloud-native platforms
- Exposure to AI-driven threat detection
SEO Keywords
cybersecurity IPOs, Rubrik IPO, upcoming cybersecurity IPO 2025, Arctic Wolf IPO, Snyk IPO, Wiz IPO, Cybereason IPO, cybersecurity stock market
Bottom Line
The 2024-2025 IPO window is reopening for high-growth cybersecurity firms. Watch Rubrik's post-IPO performance and the Arctic Wolf filing for clues on investor appetite in the second half of 2025.