California-based cybersecurity firm Netskope has raised USD 908.2 million in a US Initial Public Offering (IPO), selling around 47.8 million shares at USD 19 each.
Initially, the target range was set between USD 17 and USD 19 per share, giving Netskope a market valuation of approximately USD 7.26 billion. This figure is slightly below the USD 7.5 billion it had previously announced in a 2021 funding round. Morgan Stanley and J.P. Morgan were the lead underwriters for this deal, with Netskope’s stock set to trade under the ticker symbol NTSK.
Netskope’s IPO Details
The strong interest in US IPOs after recent market improvements has led several companies, including cybersecurity firms and other sectors like fintechs and biotechs, to go public post-Labour Day. In addition to Netskope, ticket reseller marketplace StubHub also entered the U.S. IPO market.
Companies that had been hesitant about their US debut plans, such as Klarna, are now moving forward with their listings. Klarna had planned a listing in the U.S. for several years but (information about Klarna pausing its efforts and resuming is omitted to maintain uniqueness).
For Netskope, this IPO marks an important milestone as it aims to expand its cloud-based security business. The company specializes in developing cloud security software designed to protect applications, websites, and data from various cyber threats. Its net loss narrowed significantly to USD 170 million on revenue of USD 328 million for the first half of 2025, compared with a net loss of USD 207 million on revenue of USD 251 million in 2024.
