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 20, 2025 7:14 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 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 >
Simulations Plus Invests $1 Million in Nurocor
Simulations Plus Invests $1 Million in Nurocor
Jul 14, 2025
05:08 PM EDT, 07/14/2025 (MT Newswires) -- Simulations Plus ( SLP ) said late Monday it invested $1 million in clinical technology firm Nurocor as part of its effort to support early-stage tech companies and identify potential partners. The investment is expected to help Nurocor further speed up the clinical trial lifecycle and reduce development costs for clients to bring...
Brazil Potash Signs MOU for $200 Million Power Line Construction, $20 Million Investment With Fictor; Shares Jump After Hours
Brazil Potash Signs MOU for $200 Million Power Line Construction, $20 Million Investment With Fictor; Shares Jump After Hours
Jul 14, 2025
05:05 PM EDT, 07/14/2025 (MT Newswires) -- Brazil Potash ( GRO ) said Monday it signed a non-binding memorandum of understanding with Fictor Energia, part of the infrastructure division of Brazilian private equity firm Fictor. Under the MOU, Fictor Energia will fund about $200 million in power transmission construction costs for Brazil Potash's ( GRO ) Autazes project, the company...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Bitmine Immersion Technologies Insider Bought Shares Worth $1,999,998, According to a Recent SEC Filing
Bitmine Immersion Technologies Insider Bought Shares Worth $1,999,998, According to a Recent SEC Filing
Jul 14, 2025
05:07 PM EDT, 07/14/2025 (MT Newswires) -- Thomas Jong Lee, Director, on July 09, 2025, executed a purchase for 444,444 shares in Bitmine Immersion Technologies ( BMNR ) for $1,999,998. Following the Form 4 filing with the SEC, Lee has control over a total of 444,444 common shares of the company, with 222,222 shares held directly and 222,222 controlled indirectly....
Copyright 2023-2026 - www.financetom.com All Rights Reserved