Cybersecurity company Netskope just cranked up its IPO pricing to target a $7.3 billion valuation, bumping its share range from $15-17 to $17-19 after investor demand surged. The timing couldn't be better - cyber deals are absolutely exploding this year, with Google's massive $32 billion Wiz acquisition setting the tone for what's become the hottest sector in tech M&A.
Netskope is riding the cybersecurity wave straight to Wall Street, and investors can't get enough. The cloud security company just bumped its IPO pricing to $17-19 per share, up from the $15-17 range it floated just last week. At the top end, that's a $7.3 billion valuation and $908 million in fresh capital - a massive jump from the $6.5 billion the company was targeting before.
The timing tells the whole story. Cybersecurity deals have absolutely dominated tech M&A this year, turning what used to be a steady enterprise software category into the market's hottest ticket. Google's shocking $32 billion acquisition of Israeli startup Wiz in March didn't just break records - it rewrote the entire playbook for how investors value cyber companies.
"We've been preparing for this moment since we filed our S-1," Netskope CEO Sanjay Beri said in the company's SEC prospectus. The California-based company, founded in 2012, operates in the cloud access security broker space - basically helping companies protect their data as it moves between cloud services.
But Netskope isn't just riding market momentum. The company's positioning itself against some serious heavyweight competition. In its IPO filing, Netskope specifically called out Palo Alto Networks, Cisco, and Broadcom as direct competitors. That's like a startup boxer stepping into the ring with three heavyweight champions and asking for a bigger purse.
Palo Alto Networks proved just how valuable this sector has become when it announced its $25 billion acquisition of CyberArk this summer. Meanwhile, Cisco and Broadcom have been aggressively expanding their security portfolios through acquisitions and partnerships.
The broader IPO market revival is giving Netskope additional tailwinds. Design platform and crypto payments company both more than doubled in their recent debuts, while AI infrastructure play has tripled since going public. Even , which had to pause its IPO plans earlier this year due to tariff concerns, last week.
