Rubrik, a nine-year-old data security software vendor, has filed to go public, marking a potential resurgence in the IPO market. The company, which started by selling hardware for data backup and has since transitioned to cloud-based software, aims to trade on the New York Stock Exchange under the ticker symbol “RBRK.” This move comes as investors closely monitor inflation data and the potential impact on market performance.
In other tech news, Microsoft has announced that it will begin selling its chat and video app Teams separately from its Office product. This decision, made in response to antitrust concerns in Europe, could provide a boost to competitors like Slack and Zoom. Analysts believe that the unbundling of Teams from Office 365 may lead customers to consider alternative platforms for communication and collaboration.
Meanwhile, United Airlines is facing challenges due to delivery delays of Boeing aircraft. The airline is asking its pilots to take voluntary, unpaid time off next month as it grapples with the impact of fewer Boeing 737 Max 8 and 9 planes than originally contracted. This request reflects the broader issues facing airlines as they navigate production problems and safety concerns related to Boeing aircraft.
Overall, these developments highlight the ongoing shifts and challenges in the tech and aviation industries, with potential implications for investors and market performance. Stay tuned for further updates on these evolving stories.
