Related News

OpenAI CEO Sam Altman attends an event to pitch AI for businesses in Tokyo, Feb. 3, 2025. Kim Kyung-hoon | Reuters Joshua Kushner’s Thrive Capital invested roughly $1 billion in

A powerful telescope in Chile has captured a detailed new image of the centre of the Milky Way, released on Wednesday by the European Southern Observatory.The image focuses on a

Nvidia CEO Jensen Huang speaks during the 2026 CES event in Las Vegas, Jan. 6, 2026. Bridget Bennett | Bloomberg | Getty Images Nvidia is scheduled to report fiscal fourth-quarter

Nasa on Wednesday announced that it has begun rolling its grounded Artemis II moon rocket and Orion spacecraft off the launch pad and back to the Vehicle Assembly Building at

The pain of higher prices today isn’t limited to things like food and health care costs. Americans now pay nearly 20% more for TV, music, news and other digital apps

Rick Smith, CEO of Axon Enterprises. Adam Jeffery | CNBC Axon Enterprise‘s stock surged more than 18% after the maker of Tasers, body cameras and drones topped Wall Street’s fourth-quarter

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Cybersecurity provider Netskope boosts IPO range

Word Count: 320 | Estimated Reading Time: 2 minutes


Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California.

David Paul Morris | Bloomberg | Getty Images

Netskope is targeting a $7.3 billion valuation in its upcoming initial public offering, after lifting its planned price range.

The cybersecurity company said it plans to sell 47.8 million shares at between $17 and $19 apiece. The deal would raise as much as $908 million at the top end.

That’s up from a previous range of $15 to $17 a share the company revealed in a filing last week, at a $6.5 billion valuation.

The cloud security company revealed plans to go public on the Nasdaq in a filing last month. Its planned debut comes amid an influx of big cybersecurity deals and during a resurgence in IPO activity after soaring inflation and interest rates squashed appetite for tech deals.

Cybersecurity deals have topped the list of this year’s biggest tech acquisitions.

The frenzy was highlighted by Google’s $32 billion acquisition of Israeli cloud security startup Wiz in March. Palo Alto announced this summer that it’s buying identity security company CyberArk for $25 billion. Thoma Bravo-backed SailPoint went public in February.

As tariff headwinds eased, companies increasingly looked to the public markets.

Design platform Figma and Circle more than doubled in their recent market debuts. CoreWeave has more than tripled since its IPO.

After putting the brakes on IPO plans earlier this year with President Donald Trump’s tariff plans roiling global markets, Klarna jumped 15% in its NYSE debut last week. Ticket reseller StubHub is also planning a debut this month.

Netskope will debut under the ticker symbol “NTSK.” The company reported a net loss of $170 million during the first half of the year in its prospectus filing.

The California-based company, founded in 2012, operates in the cloud access security space, helping firms protect against cyber threats. Netskope named Palo Alto Networks, Cisco and Broadcom among its competitors in its IPO filing.



Source link

Most Popular Articles