financetom
Business
financetom
/
Business
/
Cybersecurity firm Netskope raises $908.2 million in US IPO
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cybersecurity firm Netskope raises $908.2 million in US IPO
Sep 17, 2025 5:14 PM

NEW YORK (Reuters) - Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday.

The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, which it had previously raised to $17 to $19 per share, confirming an earlier report by Reuters.

This gives the company a valuation of $7.26 billion, compared with the $7.5 billion it fetched in a 2021 funding round led by investment firm ICONIQ.

Investor interest in U.S. IPOs has revived as a series of recent solid debuts helped relieve residual anxiety over President Donald Trump's tariffs, which delayed several listings in April.

A slew of companies - from crypto and fintechs to biotechs and coffee bars - have gone public post-Labor Day, signaling pent-up investor appetite for new issues.

Earlier on Wednesday, ticket reseller marketplace StubHub ( STUB ) started trading on the New York Stock Exchange, in a closely watched debut by a company tied to consumer discretionary spend.

Netskope, founded in 2012, develops cloud security software that helps businesses safeguard apps, websites and data from cyber threats.

Cybersecurity has become an increasingly pivotal part of corporate budgets worldwide, as frequent threats from digital attacks continue to threaten operational continuity and confidential data.

Netskope's net loss narrowed to $170 million on revenue of $328 million in the six months ended July 31, compared with a net loss of $207 million on revenue of $251 million a year earlier.

Morgan Stanley and J.P. Morgan are the lead underwriters for the offering. Netskope will start trading on the Nasdaq under the "NTSK" symbol.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Red Cat Holdings Insider Sold Shares Worth $518,437, According to a Recent SEC Filing
Red Cat Holdings Insider Sold Shares Worth $518,437, According to a Recent SEC Filing
Dec 20, 2024
05:21 PM EST, 12/20/2024 (MT Newswires) -- Joseph David Freedman, Director, on December 18, 2024, sold 52,228 shares in Red Cat Holdings ( RCAT ) for $518,437. Following the Form 4 filing with the SEC, Freedman has control over a total of 635,190 shares of the company, with 635,190 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/748268/000155479524000364/xslF345X05/ownership.xml ...
Lilly's weight-loss treatment Zepbound becomes first FDA-approved drug for sleep apnea
Lilly's weight-loss treatment Zepbound becomes first FDA-approved drug for sleep apnea
Dec 20, 2024
By Bhanvi Satija Dec 20 (Reuters) - The U.S. Food and Drug Administration on Friday approved Eli Lilly's ( LLY ) weight-loss treatment, Zepbound, for obstructive sleep apnea, making it the first drug greenlighted to directly treat patients with the common sleeping disorder. The regulator approved the drug for moderate to severe obstructive sleep apnea in adults with obesity, the...
House Democrat says Republicans protecting Elon Musk's Chinese investments
House Democrat says Republicans protecting Elon Musk's Chinese investments
Dec 20, 2024
WASHINGTON, Dec 20 (Reuters) - The top Democrat on the House of Representatives Appropriations Committee said on Friday that Republicans in Congress were protecting Elon Musk's Chinese investments by scrapping provisions restricting U.S. investments. Representative Rosa DeLauro said in a letter that Musk, the CEO of electric car maker Tesla, may have upended the government funding process to remove a...
Red Cat Holdings Insider Sold Shares Worth $1,036,711, According to a Recent SEC Filing
Red Cat Holdings Insider Sold Shares Worth $1,036,711, According to a Recent SEC Filing
Dec 20, 2024
05:22 PM EST, 12/20/2024 (MT Newswires) -- George Michael Matus, CTO, Red Cat Holdings ( RCAT ), on December 18, 2024, sold 112,686 shares in Red Cat Holdings ( RCAT ) for $1,036,711. Following the Form 4 filing with the SEC, Matus has control over a total of 973,103 shares of the company, with 973,103 shares held directly. SEC Filing:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved