Yazılar

Netskope hits $8.8 billion valuation in Nasdaq debut as shares surge

/in /tarafından

Cybersecurity firm Netskope debuted on the Nasdaq on Thursday with a market valuation of $8.79 billion, as its shares surged 21% above the initial offer price. The Santa Clara–based company priced its IPO at $19 per share, raising $908.2 million by selling 47.8 million shares. The stock opened at $23, reflecting strong investor appetite.

The U.S. IPO market is experiencing its strongest wave in years, with recent successes like Figma highlighting pent-up demand. Netskope’s appeal is fueled by rising corporate spending on cybersecurity, especially as AI-driven threats expand. “AI is right in our wheelhouse … enabling companies to leverage it safely,” CEO Sanjay Beri told Reuters.

Founded in 2012, Netskope delivers cloud-based security solutions that protect apps, data, and websites. The company had previously been valued at $7.5 billion in a 2021 ICONIQ-led funding round. Beri noted that the IPO was oversubscribed 20 times and that going public will expand Netskope’s visibility in the market.

Analysts caution that despite the sector’s strong demand, IPO performances remain mixed. Rubrik has soared since listing, while SailPoint has struggled. Netskope’s future success will hinge on its profitability path and ability to navigate a competitive market against rivals like Palo Alto Networks and Zscaler.

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.”