Reported about 3 hours ago
Netskope Inc., a cybersecurity firm based in Santa Clara and backed by Lightspeed Venture Partners, successfully raised $908.2 million in its US initial public offering by pricing shares at $19, the upper limit of its targeted range. This offering, which saw significant investor interest with a 20 times oversubscription, boosts Netskope's market value to approximately $7.3 billion. The listing highlights a rekindled interest in technology IPOs amid a favorable stock market environment driven largely by factors related to artificial intelligence.
Source: YAHOO