Netskope named Palo Alto Networks, Cisco and Broadcom among its competitors in its IPO filing.
Netskope lifted its share price range for its upcoming IPO to between $17 and $19, valuing the cybersecurity firm at $7.3 billion at the top end. IPO activity has bounced back in 2025 after high interest rates and inflation dented appetite for tech deals.
Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California.company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end. That's up from a previous range of $15 to $17 a share the company revealed in a filing last week, at a $6.5 billion valuation.Meta Connect 2025: AI-powered smart glasses take center stageChina says Nvidia violated anti-monopoly law after preliminary probeof Israeli cloud security startup Wiz in March. Palo Alto announced this summer that it's buying identity security company CyberArk forAfter putting the brakes on IPO plans earlier this year with President Donald Trump's tariff plans roiling global markets, Netskope will debut under the ticker symbol "NTSK." The company reported a net loss of $170 million during the first half of the year in its prospectus filing. The California-based company, founded in 2012, operates in the cloud access security space, helping firms protect against cyber threats. Netskope named
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