Cybersecurity company Netskope is eying a $7.3 billion valuation after pricing shares at $19 for its upcoming IPO, at the top end of its expected range.
Netskope will start trading on Thursday on the Nasdaq under the ticker symbol " NTSK ." The share sale raised $908.2 million.
Earlier this week, Netskope lifted its expected pricing range to between $17 and $19 a share, up from an original range of $15 to $17. The company revealed plans to go public last month.
Netskope's offering comes amid a hot period for IPO activity after a years-long lull spurred by step inflation and soaring interest rates. The long-overdue resurgence has fueled optimism on Wall Street and in a venture capital industry eager for return on investment.
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