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Cybersecurity firm Netskope reveals revenue surge in US IPO filing
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Cybersecurity firm Netskope reveals revenue surge in US IPO filing
Aug 22, 2025 10:23 AM

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'.

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