shares of Rubik up about 20% since the debut at the NYU yesterday.

Could this be a sign of a warming IPO pipeline?

Our Kate Rooney is a check on what the valley is saying at least in today's tech check.

Hey Kate.

Hey Carl, good morning.

Yeah, so investors out here in the Bay Area,

they've really been watching Rubric closely

and I'm hearing kind of the sigh of relief this week

around that successful debut.

It's being cheered as the latest sign public markets are a bit safer to

wait into one big reason.

Rubberger was a test, losing money which isn't uncommon in the beginning years

especially for a software company but unprofitable tech was hit especially hard amid rising rates.

Rubik reported $354 million in net losses in the last year, so it really had to make its case

to investors that it could be profitable or at least cash flow

positive soon. The stock is up around 19% since listing on Wednesday demand

was pretty strong, 20 times more orders than available shares in that IPO and this company was

last valued in private markets at $4 billion according to pitchbook market

cap today is closer to 6.7 billion other recent deals gone well as

as well.

Data Center component maker,

As Sarah Labs, that's up basically doubled

...