Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak

Core Viewpoint - Netskope Inc. is targeting a valuation of $7.3 billion in its upcoming initial public offering (IPO) after increasing its planned price range [1][2] Company Summary - The cybersecurity company plans to sell 47.8 million shares at a price range of $17 to $19 each, potentially raising up to $908 million at the upper end of the range [1] - This price range is an increase from the previous range of $15 to $17 per share, which was associated with a $6.5 billion valuation [2] Industry Context - The planned IPO comes amid a surge in significant cybersecurity deals and a revival in IPO activity following a period of high inflation and interest rates that dampened interest in tech deals [2]