Sep. 18 at 8:00 PM
AI cybersecurity company Netskope Inc. debuted on Nasdaq with a double-digit gain, trading up to
$24.40 per share from its
$19 IPO, valuing the company at about
$7.4 billion. The IPO raised
$908 million from 47.8 million shares. Netskope reported
$707 million in annual recurring revenue, up 33% year-over-year, and narrowed its six-month net loss to
$170 million. After a slow period for IPOs, recent listings include StubHub, Klarna, Figure, Legence, Gemini, Black Rock Coffee Bar, Via, eToro, Circle, and Figma, with the Renaissance IPO ETF up 25% this year versus the Nasdaq’s 16% gain.
$NTSK $STUB $KLAR $FIGR $GEMI