Network security "Unicorn" Netskope (NTSK.US) increases IPO size, expected market value of $8.5 billion.

Network security provider Netskope has increased the proposed deal size for its upcoming IPO. The company now plans to issue 47.8 million shares at a price of $17 to $19 per share, raising $860 million. Previously, the company had applied to issue the same number of shares at a price of $15 to $17. At the midpoint of the revised valuation range, Netskope will raise 13% more funds than expected, with a fully diluted market value of $8.5 billion (previously $6.5 billion). Netskope previously disclosed revenue growth and narrowed losses. The documents show that in the six months ending July 31, the company had a net loss of $169.5 million and revenue of $328.5 million, compared to a net loss of $206.7 million and revenue of $251.3 million in the same period last year. The company, founded in 2012, has the cloud-native platform Netskope One, which integrates AI models to help enterprises protect customers from threats and ensure the security of sensitive data. Its clients include companies like Colgate-Palmolive, The Home Depot, and Bayer. The company plans to list on the NASDAQ under the code NTSK. Morgan Stanley, J.P. Morgan, National Bank Financial 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 Crdit Agricole CIB are the joint bookrunners for the deal. Pricing is expected to take place during the week of September 15, 2025.