Aug 22 (Reuters) - Netskope's revenue surged 30.7% in
the first half of fiscal year 2026, the cybersecurity firm
disclosed on Friday in its U.S. initial public offering
paperwork.
Netskope is the latest company to set its sights on a
potential September listing, as the fall IPO window shapes up to
be a potentially busy one with a string of corporate issuers
lining up to go public after the seasonal summer slowdown.
Transit-tech firm Via, crypto exchange Gemini,
engineering firm Legence, blockchain-based lender Figure and
coffee bar Black Rock have publicly filed for New York IPOs over
the last few weeks.
Santa Clara, California-based Netskope's IPO is expected to
raise more than $500 million and value the company at over $5
billion, Reuters reported in May.
The company will sell shares in the offering.
Netskope posted a net loss of $169.5 million on revenue
of $328.5 million in the six months ended July 31, narrowing
from a net loss of $206.7 million on revenue of $251.3 million a
year earlier.
Founded in 2012, Netskope provides cloud-based security
software that helps companies protect apps, websites and data
from cyber threats.
The company's clientele spans from some of the world's
largest enterprises to mid-sized companies, including mobile
chip designer Qualcomm ( QCOM ), Canadian bank BMO and
home-improvement chain Home Depot ( HD ).
In 2021, Netskope raised $300 million at a $7.5 billion
valuation in a funding round led by investment firm ICONIQ
Growth.
Besides ICONIQ, Netskope's major backers include venture
capital firms Lightspeed Venture and Accel.
Morgan Stanley and J.P. Morgan are the lead underwriters for
the offering. Netskope, which has tapped over 10 Wall Street
banks for the IPO, will list on the Nasdaq under the symbol
'NTSK'.