CASB

Cloud security firm Netskope is targeting a $7.3 billion valuation for its IPO, offering shares at $17-$19, up from an initial range. The company plans to list on Nasdaq as “NTSK.” This reflects renewed IPO market vigor in tech and cybersecurity following acquisitions like Google’s Wiz deal. Netskope, a CASB provider founded in 2012, competes with Palo Alto Networks, Cisco, and Broadcom. While showing strong growth prospects, it reported a $170 million net loss for the first half of the year.