Business
Netskope Seeks Over $500 Million in Upcoming U.S. IPO

Netskope has officially filed for an initial public offering (IPO) in the United States, aiming to raise more than $500 million. The cybersecurity firm, based in Santa Clara, California, reported a revenue increase of 30.7 percent in the first half of its fiscal year 2026. This filing comes as several companies prepare for a potentially busy IPO season in September, following a lull during the summer months.
The IPO is expected to value Netskope at over $5 billion. According to information from Reuters, the company intends to sell shares as part of the offering. Netskope’s financial performance has shown improvement, with a net loss of $169.5 million on revenue of $328.5 million for the six-month period ending July 31. This represents a narrowing of losses compared to the same period last year, when it reported a net loss of $206.7 million on revenue of $251.3 million.
Founded in 2012, Netskope specializes in cloud-based security solutions, helping organizations secure their applications, websites, and data against cyber threats. The firm’s diverse clientele includes major enterprises and mid-sized companies, such as mobile chip designer Qualcomm, Canadian bank BMO, and home improvement retailer Home Depot.
In 2021, Netskope raised $300 million in a funding round led by investment firm ICONIQ Growth, which valued the company at $7.5 billion. Other significant investors include venture capital firms Lightspeed Venture and Accel.
For the IPO, Netskope has engaged Morgan Stanley and J.P. Morgan as lead underwriters. The company has also enlisted the support of over 10 Wall Street banks to facilitate the offering, which will be listed on the Nasdaq under the ticker symbol NTSK.
As the technology landscape continues to evolve, Netskope’s move to go public reflects the growing demand for cybersecurity solutions. With an increasing number of companies recognizing the importance of safeguarding their digital assets, Netskope’s position in the market may offer significant opportunities for growth in the years to come.
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