Under the watchful gaze of giants, Netskope, a network security company, applies for a U.S. listing in defiance of the trend!

Network security company Netskope submitted its application for initial public offering on Friday, despite the industry being gradually dominated by CrowdStrike, Palo Alto Networks, and other large enterprises. Netskope plans to list on Nasdaq with the stock symbol "NTSK". As of July 31, Netskope reported annual recurring revenue of $707 million, a 33% year-over-year increase. For the six months ending on July 31, 2025, the company's revenue grew by 31% to reach $328 million. In its S-1 filing, the company stated a net retention rate of 118%, with over 85% of annual recurring revenue coming from customers with consumption amounts of $100,000 and above. Netskope's cash flow for the first half of the 2026 fiscal year was $9 million, while it reported a net loss of $170 million for the same period. The IPO is being led by Morgan Stanley and J.P. Morgan, with other participating institutions including BMO Capital Markets, Dorian Securities, Citizens Capital Markets, Mizuho Bank, Wells Fargo & Company Securities, Deutsche Bank Aktiengesellschaft Securities, among others.