Netskope IPO Aims To Raise $813M, Hit $6.5B Valuation

Netskope plans to market 47.8 million Class A common stock for between $15 and $17 a share.

Netskope wants to hit a valuation of up to $6.5 billion in its initial public offering, raising as much as $813 million across 47.8 million sold shares.

The Santa Clara, Calif.-based cybersecurity vendor reported its aims in regulatory filings Monday. Netskope plans to market 47.8 million Class A common stock for between $15 and $17 a share.

The company’s S-1 documents filed in August to prepare for its IPO revealed that Netskope had annual recurring revenue of $707 million as of the end of July.

Netskope IPO

CRN has reached out to Netskope for comment. The vendor has about 1,600 channel partners worldwide, according to CRN’s 2025 Channel Chiefs.

Netskope also said in August that it saw a net loss of $354.5 million for its 2025 fiscal year, which ended Jan. 31. That loss widened from $344.8 million during the prior fiscal year.

However, Netskope reported that its net loss decreased for the six months ended July 31 from the year-earlier period to $169.5 million from $206.7 million.

The vendor was last valued at $7.5 billion in 2021 in connection with its $300 million Series H funding round, which has placed it among the highest-valued cybersecurity unicorns.

Netskope’s IPO plans come on the heels of fellow cybersecurity vendor SailPoint going public back in February and raising $1.32 billion. SailPoint was only the second cybersecurity vendor to go public since 2021.

Other security companies the channel is watching for potential plans to someday go public include 1Password and ThreatLocker.