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Stock impact report

Microsoft-Backed Rubrik Leads Debut Trio Setting Steady IPO Pace [Yahoo! Finance]

Loar Holdings Inc. (LOAR) 
Company Research Source: Yahoo! Finance
goal with a $752 million initial public offering, signaling with two other listings sustained demand for first-time share sales. Most Read from Bloomberg US Economy Slows and Inflation Jumps, Damping Soft-Landing Hopes Javier Milei Fuels Wild Rally That Makes Peso No. 1 in World Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City Big Tech Surges in Late Hours on Blowout Earnings: Markets Wrap Alphabet Beats Revenue Estimates as AI Fuels Cloud Growth Orders for Rubrik's IPO were more than 20 times the 23.5 million shares on offer, said people familiar with the matter who asked not to be identified because the details weren't public. Half of the shares were allocated to the top 10 long-only institutional investors, with another 20% of the shares going to 15 others, they said. The demand allowed Rubrik to price the shares at $32 apiece, a dollar above the marketed range. The shares opened at $38.60 and rose as much as 25% from the IPO price before Show less Read more
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