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US cloud security firm Netskope targets $7.3b valuation in IPO
Netskope has raised its IPO share price range to US$17 to US$19, aiming for a valuation of up to US$7.3 billion.
The California-based cybersecurity firm plans to sell 47.8 million shares and could raise as much as US$908 million, up from its earlier target of US$15 to US$17 per share, which valued the company at US$6.5 billion.
Netskope is set to list on the Nasdaq under the ticker “NTSK.”
The company reported a US$170 million net loss for the first half of 2025.
Its IPO comes amid a surge in cybersecurity deals and renewed activity in tech listings, with competitors including Palo Alto Networks, Cisco, and Broadcom.
🔗 Source: CNBC
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