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Cybersecurity firm Netskope raises $908.2 million in US IPO
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Cybersecurity firm Netskope raises $908.2 million in US IPO
Sep 17, 2025 5:15 PM

NEW YORK, Sept 17 (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.

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