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Shares of cybersecurity provider closed up 18% in first-day trading Thursday, indicating fairly robust investor enthusiasm for a new entrant in the space.

The Santa Clara, California-based company priced shares at $19 each late Wednesday, the top of the projected range. The offering brought in $908 million for Netskope, which is trading on under the symbol NTSK.

Founded in 2012, Netskope was formed with a vision to build security tools optimized for the cloud computing era. It鈥檚 honed its offerings over the years as new technologies, in particular those enabled by AI, have added fresh online risks for enterprises to face.

Per 附近上门 , Netskope has been a prodigious venture fundraiser over the years, pulling in $1.4 billion in early- through late-stage financing. Its largest venture stakeholders are and , each with around 19% of Class B shares, followed by , with 9%.

Today, Netskope generates substantially all of its revenue from the sale of cloud subscriptions to its Netskope One platform. The company says it generally prices subscriptions based on the scale of a customer’s organization and the products it deploys, usually with a contract term of one to three years.

In recent quarters, Netskope has posted significant and growing revenue, along with large yet shrinking losses.

For the first six months of this year, revenue totaled $328 million, up 31% year over year. Concurrently, Netskope posted a $170 million net loss for the first half of 2025, down from $207 million in the year-earlier period.

The company鈥檚 market debut follows a relatively bullish period for cybersecurity startup dealmaking. Per 附近上门 data, cybersecurity was a hot area for venture investment in the first half of 2025, with total funding to the space hitting its highest level in three years.

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Related reading:

• Cybersecurity Funding Surged Higher In Q2
• The IPO Market Is Opening Up. These 14 Companies Could Be Next.

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