"California-based secure access service edge (SASE) solutions provider Netskope has raised more than $908 million in its initial public offering (IPO). The cybersecurity firm, trading on Nasdaq under the ticker symbol NTSK, priced its IPO at $19 per share and sold 47.8 million shares, raising a total of $908.2 million. After its first day of trading, the stock jumped 18% to $22.49, though it reached an intraday high of $24.40."
"The IPO initially valued the company at roughly $7.3 billion, but valuation increased to approximately $8.6 billion after the first day. Prior to the IPO Netskope reported annual recurring revenue (ARR) of $707 million in the first half of 2025. However, the security firm is not profitable, reporting a net loss of $170 million for H1 2025. Netskope raised a total of roughly $1.5 billion and it was valued at $7.5 billion in 2021."
Netskope completed an initial public offering that raised $908.2 million by selling 47.8 million shares at $19 each. The stock climbed 18% to $22.49 on its first trading day and reached an intraday high of $24.40. The IPO initially valued the company at roughly $7.3 billion and market valuation rose to about $8.6 billion after the first day. Netskope reported $707 million in annual recurring revenue for the first half of 2025 but recorded a net loss of $170 million for H1 2025. The company previously raised about $1.5 billion and offers SASE, SSE, CASB, data security, firewall, private access, threat protection, and networking products.
Read at SecurityWeek
Unable to calculate read time
Collection
[
|
...
]