Netskope, which operates in the cloud cybersecurity sector, has filed a prospectus, unveiling solid revenue growth and declining losses. The company plans to list on the Nasdaq this autumn, hoping to raise more than $500 million from its initial public offering (IPO).
For the first half of fiscal 2026, which ended on 31 July, Netskope reported revenues of $328.5 million, up 30.7 per cent from $251.3 million in the same period last year. At the same time, the company managed to reduce its net loss to $169.5 million from $206.7 million a year earlier. This signals to investors that the company is not only scaling dynamically, but also improving its profitability, which is crucial in the current market climate.
However, the expected valuation in the IPO, estimated at more than $5 billion, is noticeably lower than the **$7.5 billion** valuation the company achieved during the 2021 funding round. The difference reflects a correction in technology markets and a more conservative approach by public investors compared to the heated private market of a few years ago.
Netskope’s IPO is part of a recovery in the IPO market, with the cyber security sector remaining one of the most attractive for investors. The recent successful debut of Rubrik, whose shares have more than doubled since last year’s IPO, is a positive indicator.
The offering will be led by Morgan Stanley and J.P. Morgan, and the company’s shares will be listed under the symbol NTSK.
