Netskope, a cloud-native security provider, plans to go public on Nasdaq with an expected valuation of over $5 billion. Despite increasing revenue, the company remains unprofitable, reporting a net loss but showing recent improvement. #Netskope #IPO #SASE #SECfiling
Keypoints
- Netskope filed for an IPO to list on Nasdaq under the symbol NTSK.
- The company specializes in cloud security solutions like SSE, CASB, and SD-WAN.
- Netskope’s annual recurring revenue grew 33% to $707 million in H1 2025.
- The firm reported a net loss of $170 million, an improvement over the previous year.
- It is expected to raise over $500 million, valuing the company at more than $5 billion.
Read More: https://www.securityweek.com/sase-company-netskope-files-for-ipo/