Explore potential ways to participate in the Netskope IPO before the stock begins trading. Get access to select IPOs with an online broker such as SoFi Invest that offers free IPO investing to eligible customers.
Recent Netskope IPO News
01/05/2023: Netskope Raises $401 Million in Convertible Debt
07/09/2021: Netskope Attracts $300 Million in Additional Investment
02/06/2020: Netskope Attracts $340 Million in Additional Investment
11/13/2018: Netskope Raises $168.7 Million to Accelerate Global Security
What is Netskope?
Netskope is a cloud-native security company that offers software-as-a-service (SaaS) solutions to data-centric enterprises.
The company is a leader in Secure Access Service Edge (SASE, pronounced “sassy”) solutions, securing users, applications, and data in the cloud, without degrading the user experience.
The technology safely and quickly connects users directly to the internet, including applications, infrastructure, and devices, on or off the network.
Netskope is:
At least 25 of the Fortune 100 companies use Netskope products, and the company serves more than 2000 customers worldwide.
In 2022, Gartner named Netskope a leader in the Security Service Edge (SSE) inaugural Magic Quadrant report.
Netskope was founded in 2012 by Sanjay Beri, Lebin Cheng, Ravi Ithal, and Krishna Narayanaswamy. Early venture capital funding was provided by Lightspeed Venture Partners and Social Capital.
The company is headquartered in Santa Clara, California.
Is Netskope Stock Publicly Traded?
No. Netskope is a private company.
Who Owns Netskope?
Netskope is a venture-backed private company. Shareowners include the founders, employees, and a relatively small number of venture capital firms.
The company has raised just over $1 billion in private funding.
The latest funding round, a Series H, was a $300 million raise completed in July 2021.
Prominent venture capital investors include ICONIQ, Lightspeed Venture Partners, Accel, Sequoia Capital, Base Partners, New York Life Ventures, Sapphire Ventures, Social Capital, Geodesic Capital, PSP Investments, and the Canada Pension Plan Investment Board.
Netskope Valuation
The July 2021 Series H funding round verifies the current Netskope valuation to be $7.5 billion.
When is the Netskope IPO Date?
The Netskope IPO date is currently unknown.
During an interview with TechCrunch in July 2021, CEO Beri said this:
Going public is one day on our path, but you probably won’t see us raise another private round. The reality is we could have raised $1 billion [this round], but we don’t need more capital. However, having a continued strong balance sheet isn’t a bad thing. We are fortunate to be in that situation, and our destination is to be the most impactful cybersecurity company in the world.
This statement suggests the company is profitable since it does not need further funding before an IPO.
Netskope chose to raise private funds in 2021, while other tech startups chose SPACs and IPOs.
Considering its latest valuation and the prominence of its venture capital investor base, Netskope is a potential IPO candidate in 2023 or 2024.
Watch for a confidential Netskope IPO filing in the coming year.
Bookmark this page for the latest developments.
What is the Netskope Stock Symbol? Netskope Ticker?
There is no Netskope stock symbol yet because it is a private company.
Here are a few Netskope ticker suggestions that appear to be available in the U.S.:
- NSKP
- SKPE
- NSK
What is the Netskope Stock Price?
A public Netskope stock price does not exist because the company is private.
Can You Access Netskope Shares via Pre-IPO Marketplaces?
The author has seen evidence of Netskope stock availability on prominent pre-IPO investing platforms based in the U.S. A recent offering on a well-known pre-IPO investing platform offered Netskope shares through a fund at a discount from the last valuation.
Additional shares may become available if early investors or employees want to cash out before the IPO. This may become more likely if the company raises another round of private equity capital or if market uncertainty reduces IPO deal flow.
The SEC requires pre-IPO investors to be accredited, meaning a net worth above $1 million (not including primary residence) or an income above $200,000 (or $300,000 with a spouse).
Check out our list of top pre-IPO investing platforms for current share availability.
How to Invest in Netskope Stock
Since Netskope is a private company, it is challenging to become an equity owner today.
However, you can take action to improve your chances of early equity ownership or acquire shares in the IPO.
Accredited investors may have an easier time via pre-IPO investing platforms.
1. Access Netskope Stock via Pre-IPO investing platforms
The author has seen evidence of Netskope stock being available on multiple pre-IPO platforms.
Investors can monitor pre-IPO investing platforms such as EquityZen, Equitybee, Forge Global, and Linqto for share availability.
Expect to pay at least a $10,000 investment minimum. It’s free to sign up for online access to pre-IPO data and deal alerts.
Pre-IPO investing platforms empower users to indicate interest in companies they wish to invest in.
Some investment opportunities may be available via diversified funds. Others may be direct investments.
If enough investors indicate interest in a particular company, the pre-IPO platforms may actively reach out to equity holders to try to acquire shares for accredited investors.
Non-accredited retail investors can bypass the accreditation requirement by owning the ARK Venture Fund via Titan Invest. However, you cannot select individual pre-IPO companies, and Netskope is not in the portfolio.
As companies mature, gain more shareholders, and delay their IPO due to macro conditions, more equity holders may seek liquidation before the IPO.
2. Buy stock during Netskope IPO through a participating broker
The IPO market slowed in 2022. Netskope conducted a private funding round in mid-2021, providing sufficient funding for operations.
However, multiple prominent venture capital firms have invested in Netskope and will likely pressure leadership to conduct an IPO when market conditions improve.
2023 looks to be a more promising year for IPOs, and Netskope could be toward the front of the line of upcoming IPOs.
A growing, profitable SaaS and information security company would likely perform well in any IPO market.
IPO investors may find opportunities to invest during the IPO when it arrives. That means acquiring shares at the IPO price the night before the company begins trading.
Once reserved for Wall Street’s wealthiest customers, IPO access has become more attainable to retail investors in the past few years.
The following online brokers give customers free access to IPOs, even with low account balances:
Brokers sometimes negotiate exclusive IPO share allocations for retail investors.
Access to specific high-demand IPOs may be limited by which brokerage accounts you have and what broker gets exclusive access.
TradeStation has a longer track record of accessing more than 300 IPOs and secondary offerings via its partnership with ClickIPO.
But Robinhood and SoFi Invest have the advantage of Silicon Valley networks and a history of getting allocations for high-profile IPOs.
Read the S-1 filings to find mentions of these online brokers to find opportunities.
Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.
3. Buy the stock after the Netskope IPO
Though waiting for the IPO requires patience, there are advantages to waiting for the stock to become publicly traded before owning.
First of all, the IPO allows investors to review financials. Pre-IPO investing has limited financials available.
Second, IPO stock prices typically rise with high-demand companies. You can benefit if you’re in early and sell when the price overheats.
Many IPOs start with an immediate price increase (“the pop”). Then the stock falls once quarterly earnings reports become available.
In 2021, for example, both Rivian and Robinhood became high-flying IPO stocks. But six months after the IPO, both stocks were more than 80% below their price peak.
Stock price declines after IPOs can be excellent entry points.
Avoid buying overvalued shares immediately after the IPO. Shares often fall after the IPO due to lockup expirations and quarterly earnings disappointments.
However, the most disruptive companies will be higher in a decade. Patience pays.
Buy post-IPO stocks with any online broker. My favorite is M1 Finance, which is the best for long-term buy-and-hold investors.
M1 Finance does not provide IPO access.
Where can I find the Netskope IPO S-1 Filing?
Netskope has yet to release an S-1 filing to the public. Moreover, there is no evidence of a confidential S-1 filing yet.
News of a confidential or public S-1 filing would kick off the IPO process, suggesting the IPO could occur during the following two to six months.
When the company releases the S-1 filing to investors, we’ll link to and embed the document on this web page.
In the meantime, you can check out the most recent S-1 filings in our S-1 filings feed.
Conclusion
Investors become interested in buying companies riding extraordinary macroeconomic trends (SaaS, cloud, cybersecurity).
However, buying ownership in Netskope before an IPO can prove difficult for retail investors, especially non-accredited ones.
Pre-IPO investing platforms have opened more opportunities for retail investors. But private equity investing is still mostly reserved for accredited investors (the ARK Venture fund at Titan is the primary exception today).
Investors will likely find it challenging to acquire shares before an IPO.
But if you are inclined to pursue IPO shares and early equity in Netskope, maintain reasonable expectations.
Good luck if you wish to participate in the Netskope IPO. Invest in pre-IPO and IPO companies at your own risk.
* Disclosure: The web page contains affiliate links from our partners. If a reader opens an account or buys a service from a link in this article, we may be compensated at no additional cost to the reader. Opening an account with a broker that provides access to IPOs does not guarantee the customer allocations of specific IPOs. The author is long HOOD, RIVN, ARK Titan Venture Fund.
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