(Reuters) -Netskope is seeking a valuation of up to $6.5 billion in its initial public offering in the United States, the cloud-based cybersecurity firm said on Monday, signaling investors’ appetite for new listings.
U.S. listings rebounded after an April slump sparked by tariff-driven market volatility, as signs of progress in trade negotiations and demand for fresh listings restored confidence in the market.
Santa Clara, California-based Netskope said that it would sell 47.8 million shares, priced between $15 and $17 apiece, to raise as much as $813 million.
Netskope, founded in 2012, develops cloud security software that helps businesses safeguard apps, websites and data from cyber threats.
The company’s customers range from mid-sized firms to large enterprises, including mobile chip designer Qualcomm and Canadian bank BMO.
Morgan Stanley and J.P. Morgan are the lead underwriters for the offering. Netskope will list on the Nasdaq under the “NTSK” symbol.
(Reporting by Prakhar Srivastava and Pritam Biswas in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh Kuber)
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