Netskope IPO prices at $19 per share

Netskope IPO prices at $19 per share

Netskope, a leading cybersecurity firm, has set its initial public offering (IPO) price range between $17 and $19 per share, signaling a significant increase from its prior target . This move underscores the robust investor appetite for high-growth tech stocks, particularly in the secure access service edge (SASE) market, which is seeing increased demand due to stricter data privacy regulations and AI-driven threats.

Netskope, based in Santa Clara, California, aims to raise up to $908.2 million by selling 47.8 million shares, compared to its earlier target of between $15 and $17 per share . The company's new valuation of up to $7.26 billion brings it closer to its 2021 funding round valuation of $7.5 billion, led by investment firm ICONIQ .

The IPO follows the successful listing of Thoma Bravo-backed SailPoint in February 2025 . While SailPoint faced some challenges in the aftermarket, Netskope's new pricing indicates confidence in its growth prospects. The company specializes in cloud-based security software, competing against established players like Broadcom, Cisco, Fortinet, Palo Alto Networks, and Zscaler .

Netskope's financial performance has shown improvement, with a net loss of $170 million on revenue of $328 million for the six months ended July 31, 2025, compared to a net loss of $207 million on revenue of $251 million in the same period last year . Morgan Stanley and J.P. Morgan are the lead underwriters for the offering, and Netskope will list on the Nasdaq under the "NTSK" symbol .