The IPO market is witnessing robust exercise within the second half of 2025, making it one of many busiest intervals for public listings. The Know-how and Well being & Life Sciences sectors proceed to guide when it comes to deal quantity and capital raised. Not too long ago, cybersecurity agency Netskope, Inc. filed with the Securities and Trade Fee for an preliminary public providing.
The Providing
The corporate intends to supply 47.8 million shares within the providing, in an estimated worth vary of $15 per share to $17 per share. The tech agency has utilized to listing its shares on the Nasdaq World Choose Market beneath the image NTSK. Underwriters managing the providing might be led by Morgan Stanley and JPMorgan. Netskope is led by co-founder and chief govt officer Sanjay Beri.
On the mid-point of the supply worth, the IPO is anticipated to generate proceeds of $719.2 million after deducting costs. The administration plans to make use of the proceeds primarily for common company functions, together with working capital, working bills, and capital expenditures. A portion of the quantity might be used for buying or investing in complementary companies, merchandise, companies, and applied sciences. It might additionally use a portion of the proceeds to repay debt.
Key Metrics
Within the six months ended July 2025, Netskope’s income elevated to $328.5 million from $251.3 billion within the corresponding interval a yr earlier. The corporate reported a web lack of $169.5 million or $1.59 per share for the interval, in comparison with a lack of $206.7 million or $2.18 per share within the first half of fiscal 2024. Annual recurring income elevated 33% year-over-year to $707 million as of July 31, 2025, in comparison with $531 million a yr earlier.
Based in 2012 and headquartered in Santa Clara, California, Netskope is a cybersecurity options supplier specializing in cloud-native safety options for contemporary enterprises. The platform allows safe entry to cloud, net, and personal purposes, with superior capabilities in information loss prevention, zero-trust community entry, and risk safety. Its important rivals embody Palo Alto Networks, Cisco and Zscaler.
