Netskope announced on Friday in an initial public offering (IPO) filing with the Securities and Exchange Commission (SEC) that it will go public on Nasdaq under the symbol NTSK.
The California-based company specializes in providing cloud-native secure access service edge (SASE) solutions.
Netskope provides secure service edge (SSE), firewall, cloud access security broker (CASB), SaaS and data security posture management, private access, data security, threat protection, and enterprise browser, as well as networking (SD-WAN) products.
In its filing with the SEC, Netskope said its annual recurring revenue (ARR) increased by 33% year-over-year, to $707 million in the first half of 2025.
However, the security firm is not profitable. It reported a net loss of $170 million for H1 2025, but pointed out that it’s an improvement over the $207 million loss reported in H1 2024.
The SEC filing does not say how much stock will be offered and at what price. However, Reuters reported in May that Netskope had expected to raise more than $500 million through its IPO, valuing the company at more than $5 billion.
Netskope announced its last funding round in early 2023, when it raised over $400 million for a total of roughly $1.5 billion. The company had previously been valued at $7.5 billion in 2021.
The lead underwriters for Netskope’s IPO are Morgan Stanley and J.P. Morgan.
Other cybersecurity firms that went public in recent years are Rubrik (NYSE: RBRK), which started trading in April 2024 and has since surged by over 150%, and SailPoint (NASDAQ: SAIL), which went public in February 2025 and has since experienced volatility.
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