Netskope, which provides cloud security and networking solutions for enterprises, raised the proposed deal size for its upcoming IPO on Tuesday.
The Santa Clara, CA-based company now plans to raise $860 million by offering 47.8 million shares at a price range of $17 to $19. The company had previously filed to offer the same amount of shares at a range of $15 to $17. At the midpoint of the revised range, Netskope will raise 13% more in proceeds than previously anticipated and command a fully diluted market value of $8.5 billion.
Netskope was founded in 2012 and booked $616 million in revenue for the 12 months ended July 31, 2025. It plans to list on the Nasdaq under the symbol NTSK. Morgan Stanley, J.P. Morgan, BMO Capital Markets, TD Securities, Citizens JMP, Mizuho Securities, RBC Capital Markets, Wells Fargo Securities, Deutsche Bank, Oppenheimer & Co., BTIG, KeyBanc Capital Markets, Piper Sandler, William Blair, Santander, and Credit Agricole CIB are the joint bookrunners on the deal. It is expected to price the week of September 15, 2025.
