02:51 PM EDT, 04/15/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) Rubrik is looking to sell up to 23 million shares in its initial public offering on the New York Stock Exchange at a price between $28 and $31 per share, according to media reports Monday.

The cybersecurity company filed for the IPO earlier this month and could end up raising up to $713 million.

The company would be valued at about $5.4 billion at the upper end of the price range.

Goldman Sachs, Barclays, Citigroup and Wells Fargo Securities will serve as lead bookrunning managers for the offering.

Rubrik did not immediately respond to a request for comments by MT Newswires.