Netskope is preparing for its initial public offering with an ambitious target valuation of $7.3 billion, following an upward adjustment of its planned price range. The cybersecurity company intends to sell 47.8 million shares at a price between $17 and $19 each, potentially raising up to $908 million at the higher end. This marks an increase from the previous range of $15 to $17 per share, which corresponded to a valuation of $6.5 billion.
The California-based firm, founded in 2012, specializes in cloud access security, providing enterprises with tools to protect against increasingly sophisticated cyber threats. In its IPO filing, Netskope identified major competitors including Palo Alto Networks, Cisco, and Broadcom. The company’s upcoming debut on the Nasdaq under the ticker “NTSK” reflects growing investor appetite for cybersecurity offerings, a sector that has been particularly active in mergers and acquisitions this year.
Cybersecurity has emerged as one of the most dynamic areas in technology deals in 2025. Notable transactions include Google’s $32 billion acquisition of Israeli cloud security startup Wiz in March and Palo Alto Networks’ $25 billion acquisition of identity security company CyberArk during the summer. Thoma Bravo-backed SailPoint also went public earlier this year, signaling robust investor interest in cloud security and related technologies.
The resurgence of IPO activity follows a challenging period when soaring inflation and rising interest rates had dampened enthusiasm for tech listings. As tariff-related uncertainties eased, companies have increasingly looked toward public markets to raise capital. Recent debuts highlight this renewed confidence: design platform Figma and stablecoin issuer Circle both more than doubled in value shortly after listing, while CoreWeave has seen its stock more than triple since its IPO. Klarna experienced a 15% increase in its New York Stock Exchange debut last week, and ticket reseller StubHub is also planning a market debut this month.
Despite the excitement surrounding its IPO, Netskope reported a net loss of $170 million during the first half of the year. The company is positioning itself as a key player in the cloud security space, where enterprises are investing heavily to safeguard against cyberattacks and secure remote work infrastructure. Netskope’s public offering will allow it to expand its market presence, develop new technologies, and capitalize on the momentum in cybersecurity investment while competing with established players in the field.
The IPO reflects a broader trend of heightened interest in cybersecurity as companies and investors seek to address growing digital risks and the increasing complexity of enterprise IT environments, making Netskope’s market debut a notable event in the technology sector.
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