TLDR
- Netskope (NTSK) stock jumped 18-21% on its first day of trading on the Nasdaq
- The cybersecurity company raised $908.2 million at a $7.3-8.79 billion valuation
- Revenue grew 31% to $328 million in the six months ended July 31
- Net loss improved from $207 million to $170 million year-over-year
- The IPO comes during the strongest U.S. IPO market momentum since 2021
Netskope stock delivered an impressive first day of trading Thursday, jumping more than 20% as investors showed strong appetite for the cybersecurity company’s public debut.
The Santa Clara-based firm’s shares opened at $23, well above the $19 IPO price. The stock closed the day at $22.49, representing an 18.4% gain from its offering price.
Netskope raised $908.2 million by selling 47.8 million shares at the top of its revised pricing range. The company had initially set a lower range before increasing it to $17-$19 due to strong investor demand.
🌐 Security and networking reimagined.
☁️ Netskope was created for the era of cloud and AI.
🎊 Here’s to an exciting future ahead! #NasdaqListed #NetskopeIPO pic.twitter.com/TPjiz5Xi8H
— Nasdaq Exchange (@NasdaqExchange) September 18, 2025
The successful debut gives Netskope a market capitalization between $7.3 billion and $8.79 billion, depending on the source. This valuation exceeds the company’s last private funding round in 2021, when it was valued at over $7.5 billion.
The cybersecurity firm operates a cloud-based Secure Access Service Edge platform that supports remote workers and branch offices. Founded in 2012, Netskope competes against established players like Palo Alto Networks and Zscaler.
Strong Financial Performance Drives Interest
Netskope’s improving financial metrics likely contributed to investor enthusiasm. Revenue grew 31% year-over-year to $328 million for the six months ended July 31.
The company’s losses are also narrowing. Net loss improved from $207 million to $170 million during the same period.
These results come as companies increase cybersecurity spending due to more frequent and sophisticated attacks. Netskope has focused on serving financial services, healthcare, and federal government markets.
“Through the Netskope One platform, we bring advanced security right to the edge via our lightning-fast global private cloud,” said cofounder and CEO Sanjay Beri. The platform uses AI to provide insight and control over digital interactions from users, devices, apps, and AI agents.
Favorable IPO Market Conditions
The timing of Netskope’s debut coincides with strong IPO market momentum. Last week was the busiest for U.S. IPOs since 2021, with more than half a dozen companies raising over $4 billion combined.
Companies are rushing to go public while market conditions remain favorable. Several recent tech IPOs have performed well in their debuts, including design software maker Figma and stablecoin issuer Circle.
However, cybersecurity IPO performances have been mixed this year. While Rubrik shares have more than doubled since their debut, SailPoint has struggled to maintain momentum above its offer price.
Industry analysts are watching Netskope’s performance closely, as cybersecurity remains one of the few tech sectors with clear structural demand drivers.
Netskope represents the second cybersecurity IPO of 2025. The company’s previous private funding round was led by investment firm ICONIQ in 2021, establishing the valuation that has now been exceeded in public markets.
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