Netskope Prices IPO at Top of Range, Raising $908.2 Million

Netskope Inc., a cybersecurity firm, has successfully raised $908.2 million through its United States initial public offering (IPO). The company priced its shares at the highest end of its marketed range, as reported by Bloomberg. The Santa Clara, California-based entity confirmed the offering's results on Wednesday, signifying a major corporate milestone as it becomes a publicly traded company. The IPO entailed the sale of 47.8 million shares, with investors acquiring them at $19 per share. This price point aligns with the upper limit of the company's revised marketed range, which was previously adjusted to between $17 and $19 per share. By securing this valuation, Netskope maximized the capital generated from its offering. The total of $908.2 million was raised from the sale of all 47.8 million shares at the $19 IPO price. This successful public offering, backed by investors such as Lightspeed Venture Partners, highlights Netskope's prominent position in the cybersecurity sector.