Yazılar

Netskope hits $8.8B valuation as shares soar in Nasdaq debut

/in /tarafından

Cybersecurity company Netskope reached a valuation of $8.79 billion on Thursday after its shares jumped 21% in their Nasdaq debut, extending a strong run of tech IPOs this year.

The Santa Clara-based firm’s stock opened at $23, well above the $19 offer price. Netskope raised $908.2 million by selling 47.8 million shares at the top of its $17–$19 range, in an offering that was oversubscribed 20 times, according to CEO Sanjay Beri.

Investor appetite for new issues has surged, with recent listings such as design software firm Figma (FIG.N) drawing strong demand. Netskope’s debut comes as enterprises step up cybersecurity spending amid rising AI-driven threats.

“AI is kind of right in our wheelhouse—securing it, enabling companies to say yes to leveraging it by putting guardrails around it,” Beri told Reuters, adding that going public will help boost Netskope’s visibility.

Founded in 2012, Netskope offers cloud-based security solutions that protect apps, websites, and data. The company was last valued at over $7.5 billion in a 2021 round led by ICONIQ. Its competitors include Palo Alto Networks (PANW.O) and Zscaler (ZS.O).

Analysts caution that Netskope’s long-term success will hinge on profitability, execution, and broader market conditions. “Cybersecurity remains one of the few tech sectors with clear structural demand, yet recent IPO performances have been mixed,” said Kat Liu of IPOX.

While Rubrik (RBRK.N) shares have surged since their debut last year, SailPoint (SAIL.O) has struggled to trade above its offer price. Netskope’s performance will be closely watched as a bellwether for the sector.

Netskope raises $908.2 million in U.S. IPO, valued at $7.26 billion

/in /tarafından

Cloud cybersecurity firm Netskope raised $908.2 million in its U.S. initial public offering, the company said on Wednesday. The Santa Clara-based firm sold about 47.8 million shares at $19 each, pricing at the top of its target range of $17 to $19 per share.

The IPO gives Netskope a valuation of $7.26 billion, slightly below the $7.5 billion it reached in a 2021 funding round led by ICONIQ. Investor demand for new listings has surged in recent weeks, following a string of strong debuts that helped ease earlier concerns tied to President Donald Trump’s tariffs, which had delayed several offerings earlier this year.

A wave of companies—from crypto platforms and fintechs to biotechs and coffee chains—has hit the market since Labor Day, signaling renewed appetite for IPOs. Earlier Wednesday, StubHub (STUB.N) also began trading on the NYSE in a closely watched consumer-focused debut.

Founded in 2012, Netskope develops cloud-based cybersecurity software that protects apps, websites, and data against digital threats. Cybersecurity has become a core budget item for global enterprises as attacks grow in frequency and sophistication.

Netskope reported revenue of $328 million in the six months ending July 31, up from $251 million a year earlier, while narrowing its net loss to $170 million from $207 million.

Morgan Stanley and J.P. Morgan led the offering, with Netskope set to trade on the Nasdaq under the ticker “NTSK.”

Lendbuzz posts 38% revenue surge ahead of U.S. IPO

/in /tarafından

Auto-loan fintech Lendbuzz disclosed a sharp 38% jump in revenue in its U.S. IPO filing, underscoring renewed investor interest in fintech listings after years of market slowdown.

The Boston-based company reported $172.9 million in revenue and $11.1 million in net income for the first half of 2025, up from $125.4 million revenue and $5.6 million profit a year earlier. Lendbuzz and some existing shareholders will sell shares in the offering, with the stock set to trade on Nasdaq under the ticker “LBZZ”.

Founded in 2015, Lendbuzz uses artificial intelligence to provide auto loans for borrowers with little or no credit history, positioning itself as an alternative to traditional banks. The company partners with car dealerships and was last valued at $1.1 billion in a 2023 funding round. Its major backers include venture firms 83North and OG Tech Ventures.

The IPO will be led by Goldman Sachs, J.P. Morgan, RBC Capital Markets, and Mizuho.

The listing follows Swedish buy-now-pay-later firm Klarna’s New York debut earlier this week, a long-awaited moment seen as a test case for fintech IPOs. Analysts suggest Klarna’s aftermarket performance will act as a bellwether for firms like Lendbuzz hoping to benefit from the rebound in tech listings.

Edward Best, partner at Willkie Farr & Gallagher, said IPO activity will likely remain strongest in AI and fintech, reflecting where investor excitement is concentrated.