California-based Netskope, a leading secure access service edge (SASE) solutions provider, has raised more than $908m through its IPO.
According to Security Week, the cybersecurity company, which now trades on Nasdaq under the ticker symbol NTSK, priced its shares at $19 each, selling 47.8 million shares to raise $908.2m.
Following the listing, the stock rose 18% on its opening day to close at $22.49, after hitting an intraday high of $24.40. The IPO initially valued Netskope at around $7.3bn, climbing to $8.6bn after its debut performance.
Netskope specialises in a wide range of cloud and network security solutions. Its offering includes secure service edge (SSE), cloud access security broker (CASB), SaaS and data security posture management, firewalls, private access, threat protection, and networking products. The company has positioned itself as a key player in safeguarding data across distributed workforces and hybrid cloud environments.
The capital raised through the IPO will be used to fuel Netskope’s continued growth as it looks to strengthen its position in the cybersecurity market. While the firm has reported robust demand for its services, it remains unprofitable, recording a net loss of $170m in the first half of 2025 despite reporting annual recurring revenue (ARR) of $707m in the same period.
Netskope has already established itself as one of the most heavily funded private cybersecurity firms prior to going public, raising around $1.5bn in total funding and securing a valuation of $7.5bn back in 2021. The latest IPO marks a significant milestone as it transitions from private backing to public capital markets.
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