April 1 (Reuters) - Rubrik plans to list its shares in a

U.S. initial public offering, the cybersecurity platform said in

a filing on Monday, adding to a growing wave of companies

turning to capital markets after a two-year lull.

Founded in 2014 by venture capitalist Bipul Sinha, Rubrik

makes cloud-based ransomware protection and data-backup software

for over 6,000 customers, including Nvidia ( NVDA ) and Home

Depot ( HD ).

Palo Alto, California-based Rubrik was valued at $4

billion after an investment made by Microsoft ( MSFT ) in 2021.

Rubrik's IPO filing adds to a growing recovery in public

listings on Wall Street following the high-flying debuts of

companies including

Reddit ( RDDT )

and

Astera Labs ( ALAB )

, and as investors anticipate a decline in

borrowing costs.

Reuters was the

first

to report that the company plans to go public in New York

as early as April amid a U.S. fraud investigation into one of

its former employees.

Rubrik posted a bigger net loss of $354.2 million for the

year ended Jan. 31, compared with $277.7 million a year ago, it

said in the filing, and added that it does not expect to pay any

cash dividends in the foreseeable future.

In the same period, its subscription annual recurring

revenue (ARR) jumped 47% year-on-year and helped total revenue

climb about 5% to $627.9 million from a year ago.

The company, which did not disclose the size of the

offering, plans to list Class A common stock on the New York

Stock Exchange under the symbol 'RBRK'.

Goldman Sachs, Barclays, Citigroup and Wells Fargo are among

the underwriters in the offering.