Overview

• Netskope is set to begin trading Thursday on the Nasdaq under the ticker NTSK.
• The company sold about 47.8 million shares at $19 each, with Morgan Stanley and JPMorgan as lead underwriters.
• The pricing follows an increased expected range to $17–$19 from $15–$17 earlier in the week.
• The listing values the firm at roughly $7.26–$7.3 billion, slightly below its 2021 private valuation near $7.5 billion.
• Netskope reported $707 million in ARR, $328 million in six-month revenue, and a $170 million net loss, and says it competes with Broadcom, Cisco, Palo Alto Networks and Zscaler.