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Netskope Lifts IPO Target to $908 Million
Summary generated with AI, editor-reviewed
Heartspace News Desk
•Source: Bloomberg.com
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Key takeaways
- , a cybersecurity firm, has raised the price range for its initial public offering (IPO), potentially increasing the total deal size to $908
- 2 million from an earlier target of $812
- The cloud security provider aims to leverage significant investor interest in newly public companies
Netskope Inc., a cybersecurity firm, has raised the price range for its initial public offering (IPO), potentially increasing the total deal size to $908.2 million from an earlier target of $812.6 million. The cloud security provider aims to leverage significant investor interest in newly public companies.
According to a filing with the U.S. Securities and Exchange Commission on Tuesday, the Santa Clara, California-based company now plans to offer 47.8 million shares at a price between $17 and $19 per share. Previously, Netskope had indicated an offering price range of $15 to $17 per share.
Related Topics
NetskopeIPOCybersecurityCloud SecurityPublic OfferingVenture Capital
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