Netskope opens at $23 after cybersecurity firm prices shares at top of range

Company Overview - Netskope shares debuted on Nasdaq at $23 after pricing at the top end of its range, raising over $908 million and valuing the company at $7.3 billion [1][2] - The company trades under the ticker symbol "NTSK" and saw its shares increase by more than 25% during the initial trading [1] Market Context - The IPO was more than 20 times oversubscribed, indicating strong investor interest [2] - Netskope is positioned to capitalize on the shift towards AI and cloud technologies, redefining the data network security market [2] - The IPO marks a significant moment in the reopening of the IPO market after a period of low investor interest due to high inflation and rising interest rates in early 2022 [2]