Netskope, which provides cloud security and networking solutions for enterprises, raised $908 million by offering 47.8 million shares at $19, the high end of the range of $17 to $19. The company originally filed to offer the same amount of shares at a range of $15 to $17. At pricing, the company commands a fully diluted market cap of $9 billion.
Netskope One is a unified, cloud-native platform that uses a unique architecture with a converged security, network, and analytics technology stack that runs on the company's NewEdge global private cloud network, comprised of more than 120 full-compute edge data centers in more than 75 regions. The platform leverages proprietary AI models to detect, classify, track, and control sensitive data, stop threats, and improve digital experience. As of July 31, 2025, Netskope had over 4,300 customers (+21% y/y), which included more than 30% of the Fortune 100.
Netskope 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 acted as joint bookrunners on the deal.
