Cybersecurity Firm Netskope Raises $908.2 Million in US IPO

Netskope Inc., the cybersecurity firm backed by Lightspeed Venture Partners, raised $908.2 million in a US initial public offering priced at the top of the marketed range.

The Santa Clara, California-based company sold 47.8 million shares at $19 per share, according to a statement Wednesday. It had previously increased the price range to $17 to $19 each.

The pricing gives Netskope a market value of about $7.3 billion, based on the number of shares in its filings with the US Securities and Exchange Commission. The IPO was about 20 times oversubscribed, Bloomberg News reported Tuesday.

The listing marks ...