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Netskope prices IPO at $19, valuing company at $7.3 billion

Cybersecurity company Netskope is eying a $7.3 billion valuation after pricing shares at $19 for its upcoming IPO, at the top end of its expected range. Netskope will start trading on Thursday on the Nasdaq under the ticker symbol "NTSK." The share sale raised $908.2 million. Earlier this week, Netskope lifted its expected pricing range to between $17 and $19 a share, up from an original range of $15 to $17. The company revealed plans to go public last month. Netskope's offering comes amid a

Netskope follows Rubrik as a rare cybersecurity IPO, both backed by Lightspeed

Cybersecurity is a massive sector, but startups in the category are more likely to be acquired than go public. Even Wiz, which for a time held the title of the fastest-growing startup, abandoned its IPO ambitions when it agreed to sell to Google earlier this year. In the past few years, there have been scant few significant cybersecurity debuts such as SentinelOne in 2021, and Rubrik last year. Next week, the sector is expected to add one more public company: the cloud cybersecurity platform N

Cybersecurity firm Netskope files to go public on the Nasdaq

Sanjay Beri, chief executive officer and founder of Netskope Inc., listens during a Bloomberg West television interview in San Francisco, California. Cloud security platform Netskope will go public on the Nasdaq under the ticker symbol "NTSK," the company said in an initial public offering filing Friday. The Santa Clara, California-based company said annual recurring revenue grew 33% to $707 million, while revenues jumped 31% to about $328 million in the first half of the year. But Netskope i