Security service edge (SSE) and secure access service edge (SASE) vendor Netskope is set to go public.

The Santa Clara, California-based firm filed a registration statement with the U.S. Securities and Exchange Commission, with plans to list on the Nasdaq under the ticker symbol “NTSK.”

Netskope has brought in financial heavyweights Morgan Stanley and J.P. Morgan to act as lead book-running managers for its proposed IPO.

No details on the number of shares set to be offered or price ranges have been released. In terms of capital structure, however, the S-1 filing revealed that, as of July 31, Netskope had around 233,086,148 shares outstanding, split across Class A and Class B common stock. Netskope has applied to list its Class A common stock on the Nasdaq Global Select Market.

Netskope’s IPO has been on the cards for some time, with Reuters reporting the plans back in May, with suggestions the move could raise the vendor more than $500 million.

The filing itself gave no timing, though Axios reported Netskope could target sometime after Labor Day (September 1).

In addition to Morgan Stanley and J.P. Morgan supporting the public offering, Netskope has brought in an army of book-running managers to support its float, including TD Cowen, Wells Fargo Securities, and Deutsche Bank Securities, among a host of others.

Gartner gongs & enterprise-scale adoption

Founded in 2012, Netskope offers cloud-based security software that unifies networking and cybersecurity, allowing its customers to secure data and apps whether they’re on-premises, remote, or in the cloud.

The firm has raised around $1.4 billion in venture capital funding, most recently securing $300 million in a venture round in 2021. The likes of Lightspeed Venture Partners, Accel, Sequoia Capital Global Equities, and Base Partners backed Netskope, which at the time, brought its valuation to around $7.5 billion.

Netskope’s S-1 revealed it generated $328 million in revenue for the six months ended July 31, 2025, up 31% from the year-ago period, while annual recurring revenue climbed to $707 million, a 33% increase.

The company claims that more than 30% of the Fortune 100 use its services, including its Netskope One platform, a unified, cloud-native offering that integrates converged networking and security services like SASE and zero trust to protect customer business operations.

In terms of accolades, Netskope received top billing alongside rivals Palo Alto Networks and Zscaler in Gartner’s recent ranking of SSE vendors.

The firm has a long-enjoyed reputation among the upper echelons of Gartner’s Magic Quadrant for Security Service Edge, with its One SSE platform singled out for praise, alongside the company’s “strong technical capabilities” and robust brand awareness among enterprises.

The vendor was, however, knocked for its focus on large customers, as well as limited control console language support, and relatively slow pace toward introducing new innovations.

Netskope also achieved “leader” status on Gartner’s SASE rankings, with the vendor lauded for its product strategy and AI innovations.

Among the negatives raised about the company, however, were concerns about its overall financial position, as well as a lack of historical SD-WAN experience and complex pricing scheme.

While it received more gongs from Gartner, Netskope was among the notable absentees from recent research by non-profit CyberRatings.org (CyberRatings).

SSE market analysis saw the vendor omitted, with CyberRatings citing a “lack of responsiveness” associated with Netskope. Cato Networks was another absentee, with the nonprofit suggesting the firm was “explicit in their refusal to engage” with its research.