The IPO market is experiencing a revival after a yearslong drought, with notable debuts from CoreWeave, Circle and Figma.
Cybersecurity firm Netskope priced shares in its upcoming IPO at $19, valuing the company at $7.3 billion.The IPO market is experiencing a revival after a yearslong drought, with notable debuts from CoreWeave, Circle and Figma.
is eying a $7.3 billion valuation after pricing shares at $19 for its upcoming IPO, at the top end of its expected range.Earlier this week, Netskope lifted its expected pricing range to between $17 and $19 a share, up from an original range of $15 to $17. The company revealed plans to go public last month. Netskope's offering comes amid a hot period for IPO activity after a years-long lull spurred by step inflation and soaring interest rates. TheNvidia CEO says he's 'disappointed' after report China has banned its AI chipsCyberArk buyout Santa Clara, California-based Netskope was founded in 2012 and is led by co-founder and CEO Sanjay Beri. At the end of July, the company said it had 2,910 employees and 4,317 customers across 90 countries. Annual recurring revenues rose 33% to $707 million at the end of July and revenues reached $328 million for the six months ended July 31. The company also reported a net loss of $170 million during that period.
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