(Reuters) – Cybersecurity firm Netskope is now aiming for a valuation of up to $7.26 billion in its U.S. initial public offering after raising the proposed price range, it said on Tuesday, underscoring investor appetite for high-growth tech stocks.

Netskope’s offering marks the second notable cybersecurity IPO of 2025 in New York after Thoma Bravo-backed SailPoint listed its shares in February and comes at a time when stricter data privacy regulations and the rise of AI-driven threats act as tailwinds for the secure access service edge (SASE) market.

The Santa Clara, California-based company is now looking to raise as much as $908.2 million by selling 47.8 million shares priced between $17 and $19 apiece. That compares with its prior price target of between $15 and $17 apiece.

The new t

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