Cybersecurity Firm Netskope Climbs 18% After $908 Million IPO

Netskope Inc. jumped 18% in its trading debut, after the cybersecurity firm raised $908.2 million in an initial public offering.

Shares in the Santa Clara, California-based company closed at $22.49 each on Thursday, above the IPO price of $19 apiece. The deal was priced at the top of the increased price range of $17 to $19 each.

The trading gives the company a market value of $8.6 billion, based on the outstanding shares in its filings.

Founded in 2012, the company’s cloud-native Netskope One platform incorporates artificial intelligence models to help companies protect customers from threats and keep sensitive data ...