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Netskope Announces Pricing of Initial Public Offering
Prnewswireยท 2025-09-17 23:32
Core Points - Netskope has announced the pricing of its initial public offering (IPO) at $19.00 per share for 47,800,000 shares of Class A common stock, with all shares being sold by the company [1] - The shares are set to begin trading on the Nasdaq Global Select Market under the ticker symbol "NTSK" on September 18, 2025, with the offering expected to close on September 19, 2025, pending customary closing conditions [2] - The underwriters have been granted a 30-day option to purchase an additional 7,170,000 shares to cover over-allotments [2] Underwriters and Management - Morgan Stanley and J.P. Morgan are acting as lead book-running managers for the IPO, with several other financial institutions participating as additional book-running managers [3] Regulatory Information - A registration statement for the securities was declared effective by the Securities and Exchange Commission on September 17, 2025, and the offering is being made only by means of a prospectus [4] Company Overview - Netskope is recognized as a leader in modern security and networking for the cloud and AI era, providing optimized access and real-time, context-based security for users, devices, and data [6] - The company serves thousands of customers, including over 30% of the Fortune 100, utilizing its Netskope One platform, Zero Trust Engine, and NewEdge network to enhance security and performance [6]