Reported about 8 hours ago
As fears regarding AI-driven cyber threats increase, Netskope Inc. is experiencing heightened demand for its initial public offering, aiming to raise up to $908.2 million. The company's annual recurring revenue surged by 33% to $707 million, and its AI-based platform, Netskope One, enhances corporate security by controlling sensitive data usage in real time. Despite being unprofitable after 13 years, Netskope's IPO is expected to perform well as investors shift their focus towards security software, which is outperforming general software stocks.
Source: YAHOO