California-based Netskope, a cybersecurity company specialising in secure access service edge (SASE) solutions, has raised over $908m through its IPO.
The company, which began trading on Nasdaq under the ticker symbol NTSK, priced its shares at $19 each. Netskope sold 47.8m shares in total, generating proceeds of $908.2m. Following its debut, shares jumped 18% to close at $22.49, having touched an intraday high of $24.40.
Netskope develops a broad range of cloud-focused cybersecurity products. Its portfolio includes secure service edge (SSE) and cloud access security broker (CASB) solutions, as well as offerings in SaaS and data security posture management, firewall, private access, threat protection, and networking.
The listing initially valued Netskope at approximately $7.3bn. By the end of the first day of trading, this had risen to around $8.6bn. The firm reported annual recurring revenue of $707m in the first half of 2025, though it remains unprofitable, with a net loss of $170m for the same period.
Founded with a mission to protect enterprises from cloud-based threats and manage data securely, Netskope has become a prominent player in the cybersecurity industry. Its IPO marks one of the sector’s largest public debuts this year.
Before going public, Netskope had raised around $1.5bn across multiple funding rounds, reaching a valuation of $7.5bn in 2021. The IPO represents a significant milestone in the company’s growth trajectory as it seeks to expand its market reach and strengthen its product development pipeline.
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