Cybersecurity firm Netskope raises $908.2 million in US IPO

NEW YORK: Cybersecurity firm Netskope raised $908.2 million in an initial public offering in the United States, the cloud-based cybersecurity company said on Wednesday.

The Santa Clara, California-based company sold about 47.8 million shares at $19 apiece, at the higher end of its target range, which it had previously raised to $17 to $19 per share, confirming an earlier report by Reuters.

This gives the company a valuation of $7.26 billion, compared with the $7.5 billion it fetched in a 2021 funding round led by investment firm ICONIQ.