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Netskope Files for U.S. IPO With 30.7% H1 Revenue Growth and a Narrower Loss

Investor interest in cybersecurity listings sets the stage for a planned Nasdaq float.

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Overview

  • The filing shows revenue of $328.5 million and a net loss of $169.5 million for the six months ended July 31, versus $251.3 million in revenue and a $206.7 million loss a year earlier.
  • The company plans to sell shares and list on the Nasdaq under the ticker NTSK.
  • Morgan Stanley and J.P. Morgan are lead underwriters, with a syndicate of more than 10 banks supporting the deal.
  • Reuters has reported the offering could raise over $500 million and value the company above $5 billion, with a potential September timetable.
  • Founded in 2012 in Santa Clara, the cloud-security vendor counts Qualcomm, BMO and Home Depot as customers and raised $300 million in 2021 at a $7.5 billion valuation led by ICONIQ Growth.