Netskope Boosts IPO Range to $17-$19 with $7.3B Valuation Target Amid Strong Cybersecurity Demand

Netskope, a cloud security firm headquartered in Santa Clara, California, has increased the proposed price range for its initial public offering, aiming to raise up to $908 million by selling 47.8 million shares priced between $17 and $19 each, up from the prior range of $15 to $17. The revised valuation places the company close to $7.3 billion, signaling strong investor appetite for high-growth cybersecurity names.
The company, founded in 2012, specializes in cloud-based security solutions that safeguard applications, websites, and enterprise data. It is part of the rapidly expanding SASE (Secure Access Service Edge) market, competing with major players such as Palo Alto Networks, Fortinet, Cisco, Broadcom, and Zscaler. Its latest financials show that revenue for the six months ended July 31 has increased, while the net loss has narrowed—demonstrating improved operating discipline despite continuing investments in growth and innovation.
Morgan Stanley and J.P. Morgan are leading the underwriting for the IPO, which will be listed on Nasdaq under the ticker “NTSK.” Investor interest seems to be motivated by increasing concerns around data privacy regulations, the rise of AI-driven cybersecurity threats, and the growing importance of security platforms capable of delivering seamless protection at the edge.
With this raise in price range, Netskope’s IPO is shaping up to be one of the larger software IPOs of the year. If priced at or near the top of the range, the offering may affirm the market’s willingness to reward firms with robust growth trajectories and credible paths toward profitability—even in sectors where losses are still common.
However, the stakes are high. Market watchers are focused on whether Netskope can deliver consistent large enterprise contracts, maintain high retention rates, and demonstrate operating leverage over time. Key metrics to watch will include revenue growth, margin trends, customer expansion, and cash flow direction.
As companies increasingly shift infrastructure and operations to the cloud, the need for comprehensive security frameworks has become more urgent. Netskope enters the public market at a moment when investors are deeply focused on risk, compliance, and resilience in the face of evolving cyber threats. Its IPO will be a barometer for how much premium the public markets are willing to place on cloud security companies with strong enterprise footprints and promising growth potential.