Cybersecurity Firm Netskope Files for $500M Nasdaq IPO

Netskope, a cloud security company, has filed for an initial public offering to be listed on Nasdaq under the ticker symbol NTSK, aiming to raise an estimated $500 million. The company reported a 33% increase in annual recurring revenue to $707 million as of July 31, 2025, with revenues growing to $328 million in the first half of 2025, reflecting strong market demand and positioning. Despite posting a net loss of $170 million for the six months ended July 31, Netskope's losses have decreased compared to previous periods, and it currently serves over 4,300 customers, including 30% of the Fortune 100. CEO Sanjay Beri emphasized that the IPO is driven primarily by the desire to boost market awareness rather than capital needs. Netskope competes in the SASE space with firms like Palo Alto Networks, Zscaler, and Fortinet and was recently named a leader in Gartner's 2025 SASE Magic Quadrant. The company utilizes its Netskope One platform, leveraging proprietary AI and a global cloud network, to provide converged security and analytics services.