Netskope Taps Morgan Stanley for IPO That Could Raise $500M+
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Netskope picked Morgan Stanley (MS, Financials) to lead its U.S. IPO plans, aiming to go public as soon as Q3, Reuters reported, with expectations to raise over $500 million.
Founded in 2012, the Santa Clara-based firm makes cloud security tools used by companies like Ross Stores (ROST, Financials) and Yamaha. Backers include Goldman Sachs and Ontario Teachers' Pension Plan.
CEO Sanjay Beri said last year the IPO would boost brand visibility. While cybersecurity stocks are hot again, broader IPO recovery is still facing headwinds from tariffs and market uncertainty.
This article first appeared on GuruFocus.
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