Core Insights - The technology sector has seen a surge in IPOs, particularly in fintech, while cybersecurity companies have largely avoided going public, with Netskope being a notable exception [1][4] Company Overview - Netskope, founded in 2012, specializes in cloud security, focusing on protecting enterprise data and applications in cloud environments, with products including Secure Access Service Edge (SASE), zero trust, and threat protection [2] IPO Details - Netskope began trading under the ticker NTSK, raising its price range to $17-$19 due to strong demand, and opened at $23, aiming to raise approximately $908.2 million by selling 47.8 million shares at a valuation of around $7.26 billion [3] Financial Performance - Netskope reported a revenue increase of 32.3% year-over-year to $538.3 million, with the first half of fiscal 2025 showing a 30.7% YOY growth to $328.5 million, although it remains loss-making with net losses of $354.5 million in FY 2025 [5] - The company narrowed its net cash outflow from operating activities to $110.7 million in the full fiscal year ending January 31, 2025, compared to $167.2 million the previous year, with a cash balance of $210.8 million as of July 31, alleviating liquidity concerns [6]