California-based cybersecurity firm Netskope has successfully gone public, raising over $908 million in its initial public offering. Trading on the Nasdaq under the ticker symbol NTSK, the company priced its shares at $19 each, selling 47.8 million shares to bring in a total of $908.2 million. The strong investor demand was a positive sign for the company and the broader IPO market.
On its first day of trading, Netskope’s stock experienced a significant jump, closing up 18% at $22.49 per share, though it had reached an intraday high of $24.40. This strong performance on the first day increased the company’s valuation from its initial IPO value of approximately $7.3 billion to around $8.6 billion, validating its market position and potential for growth. The offering’s success comes after a period of muted IPO activity in the tech sector, signaling a potential shift toward more favorable market conditions.
Before its public debut, Netskope reported annual recurring revenue (ARR) of $707 million for the first half of 2025. Despite this impressive revenue figure, the company is not yet profitable, reporting a net loss of $170 million for the same period. However, Netskope has been showing signs of improvement in its financials, including a shift to positive operating cash flow in the first half of 2025. This progress on its path to profitability likely contributed to investor confidence ahead of the IPO.
This IPO follows several funding rounds that have collectively raised approximately $1.5 billion for Netskope. The company was last valued at $7.5 billion in a 2021 funding round. The successful IPO provided a path to liquidity for its early investors and positioned the company to use the new capital for continued expansion, product development, and competitive growth in the cloud security market.
Netskope specializes in a range of Secure Access Service Edge (SASE) solutions, a market that combines networking and security functions into a single cloud service. Its comprehensive offering includes secure service edge (SSE), cloud access security broker (CASB), SaaS and data security posture management, firewall services, threat protection, and private access products. The company’s platform, built on a unified, cloud-native architecture, leverages AI to help customers protect sensitive data, stop threats, and optimize their digital experiences.
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