Netskope (NTSK) priced its IPO at $19.00 – the top of its recently increased range – and sold 47.8 million shares – the number of shares in the prospectus – to raise $908.2 million on Wednesday night, Sept. 17, 2025. Netskope’s stock jumped in its NASDAQ debut – opening at $23.00 – up $4.00 from its IPO price for a gain of 21.1 percent – when it started trading shortly after noon EDT on Thursday, Sept. 18, 2025. (Editor’s Note: This column, posted Wednesday night, Sept. 17, 2025, was updated at midday on Thursday, Sept. 18, with news of Netskope’s debut on NASDAQ.)

Shares of Netskope hit their intraday high above $24.00 at around 12:10 p.m. EDT before quickly giving up some altitude – to trade at around $22.42 – up 18 percent from their $19.00 IPO price – at around 1:30 p.m. EDT. Volume totaled about 24.1 million shares in early afternoon trading. At the closing bell, Netskope was at $22.49 – up $3.49 from its IPO price for a gain of 18.37 percent in its first day of NASDAQ trading.

Netskope, an AI-driven cloud platform operator that provides cybersecurity software for big companies, had a market cap at pricing of about $7.3 billion.

Morgan Stanley and J.P. Morgan led the joint book-running team for Netskope’s IPO. BMO Capital Markets, TD Cowen, Citizens Capital, Mizuho, Wells Fargo Securities and Deutsche Bank Securities also acted as joint book-runners on Netskope’s deal.

Netskope, based in Santa Clara, California, serves a blue-chip clientele that includes Bayer, BMO Financial Group, Colgate-Palmolive, Home Depot, Hugo Boss, LifeLabs, Qualcomm, SunLife Financial, Tata Motors and Tyson Foods, according to the prospectus. The company was founded in 2012.

“Our customers rely on us to protect their sensitive data, stop threats, accelerate their digital interactions, and deliver significantly higher operational simplicity. They include some of the largest and most complex organizations around the world and across industries,” Netskope said in the prospectus.

Netskope counted “more than 30 percent of the Fortune 100 and approximately 18 percent of the Forbes Global 2000” as its customers, as of July 31, 2025, the prospectus said. 

Netskope intends to use some of the IPO proceeds to repay some convertible bond debt, the prospectus said. The company had about $518.9 million outstanding in convertible notes – principal and interest – as of July 31, 2025, according to the prospectus.  

The company’s financial statements showed that Netskope was not profitable for the 12 months that ended July 31, 2025, when it reported a net loss of $317.32 million on revenue of $609.51 million.

(For more information about these companies, please check the IPO Calendar  and the individual IPO Profiles found on the IPOScoop.com  website.)

Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.

To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.

Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.

Disclaimer: A SCOOP Rating (Wall Street Consensus of Opening-day Premiums) is a general consensus taken, at press time, from Wall Street and investment professionals concerning how well an IPO might perform when it starts trading. The SCOOP Rating does not reflect the opinions of anyone associated with IPOScoop.com. The SCOOP ratings should not be taken as investment advice. The rating merely reflects the opinion of the professionals at the time of publication and is subject to last-minute changes due to market conditions, changes in a specific offering and other factors, such as changes in the proposed offering terms and the  shifting of investor interest in the IPO. The information offered is taken from sources we believe to be reliable, but we cannot guarantee the accuracy.