Netskope Stock Makes A Strong Debut On Nasdaq

Netskope Inc.’s (NTSK) shares made a strong debut on Nasdaq on Thursday, listing at $23 apiece.

At the time of writing, Netskope’s shares were hovering at $23, or 21% higher compared to the issue price of $19.

The Delaware-based cybersecurity firm raised $908 million through its initial public offering (IPO), with 47.8 million shares on offer.

Founded in 2012, Netskope develops cloud security software to safeguard sensitive data, allowing clients to access data remotely while protecting cloud applications and securing web traffic. The company says it helps customers reduce risk and accelerate performance while gaining visibility into cloud and application activity.

Netskope provides its services to several publicly listed companies, including Home Depot, Bayer, Qualcomm, Tyson Foods, and Colgate-Palmolive, among others. The company said in the filing that it has employees in 33 countries and that its headcount stood at 2,910 as of July 31, 2025. 

In its filing with the U.S. Securities and Exchange Commission (SEC), Netskope stated that its fiscal 2025 revenue was $538.3 million, compared to $406.9 million in fiscal 2024. In the six months ended July 31, 2025, Netskope’s revenue was $328.5 million, compared to $251.3 million during the year-ago period.

Netskope’s IPO comes amid a flurry of stock market debuts, including Klarna and StubHub. Both these IPOs were delayed in the wake of an increase in market volatility due to President Donald Trump’s tariff policies.

The cybersecurity space has also witnessed a buzz in activity, with Google’s acquisition of Israeli firm Wiz for $32 billion, and Palo Alto Networks Inc.’s (PANW) acquisition of CyberArk Software (CYBR) for $25 billion stealing the limelight.

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