Cybersecurity firm Netskope has completed its Nasdaq debut under the ticker NTSK, raising about $992 million after underwriters exercised their over-allotment option. Shares were priced at $19, the top of the expected range, giving the company an implied fully diluted market capitalization of roughly $9.6 billion. The offering of nearly 55 million shares marks one of the largest tech IPOs of the year and adds fresh momentum to the market’s recent revival.
Founded in 2012 and based in Santa Clara, Netskope provides cloud security and networking tools used by more than 30% of the Fortune 100. The company reported annual recurring revenue of $707 million as of July, up 33% year over year, alongside $328 million in revenue for the first half of 2025. Despite a net loss of $170 million in the same period, investor demand was strong, reflecting broader interest in cybersecurity amid AI-driven threats and heightened deal activity across the sector.
