Netskope introduced on Friday in an preliminary public providing (IPO) submitting with the Securities and Alternate Fee (SEC) that it’ll go public on Nasdaq underneath the image NTSK.
The California-based firm makes a speciality of offering cloud-native safe entry service edge (SASE) options.
Netskope gives safe service edge (SSE), firewall, cloud entry safety dealer (CASB), SaaS and information safety posture administration, personal entry, information safety, menace safety, and enterprise browser, in addition to networking (SD-WAN) merchandise.
In its submitting with the SEC, Netskope stated its annual recurring income (ARR) elevated by 33% year-over-year, to $707 million within the first half of 2025.
Nonetheless, the safety agency isn’t worthwhile. It reported a web lack of $170 million for H1 2025, however identified that it’s an enchancment over the $207 million loss reported in H1 2024.
The SEC submitting doesn’t say how a lot inventory will probably be provided and at what worth. Nonetheless, Reuters reported in Could that Netskope had anticipated to boost greater than $500 million by its IPO, valuing the corporate at greater than $5 billion.
Netskope introduced its final funding spherical in early 2023, when it raised over $400 million for a complete of roughly $1.5 billion. The corporate had beforehand been valued at $7.5 billion in 2021.
The lead underwriters for Netskope’s IPO are Morgan Stanley and J.P. Morgan.Commercial. Scroll to proceed studying.
Different cybersecurity corporations that went public in recent times are Rubrik (NYSE: RBRK), which began buying and selling in April 2024 and has since surged by over 150%, and SailPoint (NASDAQ: SAIL), which went public in February 2025 and has since skilled volatility.
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