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’s offering includes secure service edge (SSE), cloud access security broker (CASB), SaaS and data security posture management, firewall, private access, threat protection, and networking products.
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