Netskope Raises IPO Price Range, Targets $7.3 Billion Valuation Amid Cybersecurity Surge

Netskope Raises IPO Price Range, Targets $7.3 Billion Valuation Amid Cybersecurity Surge

Cloud security provider Netskope Inc. has increased the price range for its upcoming initial public offering (IPO), aiming for a valuation of approximately $7.3 billion. The company announced plans to sell 47.8 million shares priced between $17 and $19 each, potentially raising up to $908 million at the upper end.

This revised pricing range marks an increase from the previously disclosed $15 to $17 per share, which implied a $6.5 billion valuation. Netskope is set to debut on the Nasdaq stock exchange under the ticker symbol “NTSK.”

Cybersecurity Sector Gains Momentum

Netskope’s IPO comes amid a renewed wave of activity in the cybersecurity industry, which has seen significant deal-making and public listings in 2025. Notable transactions include Google’s $32 billion acquisition of Israeli cloud security firm Wiz and Palo Alto Networks’ $25 billion purchase of CyberArk. Additionally, companies like SailPoint have successfully gone public earlier this year.

Market conditions have improved following a period of elevated inflation and interest rates, which had previously dampened investor enthusiasm for tech IPOs. As tariff-related uncertainties have eased, firms are increasingly pursuing public market access, exemplified by recent debuts from Figma, Circle, and Klarna.

Company Profile and Financials

Founded in 2012 and headquartered in California, Netskope specializes in cloud access security, providing protections against cyber threats for enterprise customers. In its IPO filing, the company identified competitors including Palo Alto Networks, Cisco, and Broadcom.

Netskope reported a net loss of $170 million in the first half of 2025, according to its prospectus. Despite this, the company’s growth prospects and positioning in a high-demand sector have attracted investor interest.