Netskope has officially made its public debut on the Nasdaq, pricing its IPO at $19 per share, the top of its revised range, and achieving a valuation of $7.3 billion. This exceeds the company’s earlier target of $6.5 billion set during its initial filing, indicating strong investor demand.

The cybersecurity firm raised $908.2 million through the sale of 47.8 million shares and now trades under the ticker NTSK.

This marks one of the largest cybersecurity IPOs of 2025 and signals a broader rebound in public market interest in enterprise tech and cloud security. The offering comes as investors look for growth stories in cybersecurity amid rising digital threats, increased regulation, and accelerating AI-driven risk factors.

Why It Matters: Netskope’s IPO reflects revived investor confidence in growth-stage cybersecurity firms and reaffirms the market’s appetite for cloud-native security models like SASE. Its ability to exceed valuation targets despite recent IPO volatility bodes well for other late-stage tech startups eyeing the public markets.

• IPO Pricing Beats Initial Target: Originally aiming to raise up to $813 million at a valuation of $6.5 billion, Netskope increased its price range to $17–$19 due to demand. Pricing at the top of that range boosted the offering to $908.2 million and raised its valuation to $7.3 billion, nearly matching its 2021 private funding round led by ICONIQ.

• Stronger Financial Signals Since Filing: Updated financials show Netskope with $328 million in revenue for the six months ending July 31, up from $251 million a year earlier. The firm also narrowed its net loss to $170 million (from $207 million), and recent reports suggest it turned cash flow positive in early 2025, a key de-risking signal for investors.

• IPO Market Rebound Context: Netskope’s debut comes as the IPO window reopens for high-growth tech firms, following successful listings from Circle, Figma, and CoreWeave. It joins SailPoint as the second major cybersecurity IPO of 2025, helping establish a benchmark for late-stage enterprise security startups.

• SASE Market Focus Remains Central: Netskope continues to position itself within the Secure Access Service Edge (SASE) segment, a rapidly growing market projected to reach $25 billion by 2027. The company’s proprietary NewEdge infrastructure (120+ global data centers) is a key differentiator, though also a source of cost scrutiny in the public sphere.

• Strategic Challenges Still Ahead: Despite a strong IPO, Netskope faces steep competition from public giants like Palo Alto Networks, Cisco, and Zscaler. Investors will closely watch post-IPO execution, customer growth, and how the company manages scale while moving toward sustained profitability in a consolidating sector.

Go Deeper -> Major Cloud Security IPO Highlights Enterprise Cyber Risk Surge – The National CIO Review

Cybersecurity firm Netskope raises $908.2 million in US IPO – Reuters

Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation – Yahoo! Finance

Netskope prices IPO at $19, valuing company at $7.3 billion – CNBC