Netskope’s Market Debut to Deliver Over $1 Billion Windfall to Lightspeed
Sanjay Beri, chief executive officer of Netskope Inc., during the company's initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Sept. 18, 2025. Netskope Inc.’s shares jumped 21% in its trading debut, after the cybersecurity firm raised $908.2 million in an initial public offering.
Photographer: Michael Nagle/BloombergNetskope Inc. backer Lightspeed Venture Partners is poised to see a return of more than five times its invested capital in the cybersecurity company from its initial public offering.
Netskope priced its shares at $19 on Wednesday, hitting the top of the marketed range and raising $908 million. The stock opened even higher in its trading debut on Thursday at $23, lifting the value of Lightspeed’s stake to about $1.5 billion. The venture capital firm, which was Netskope’s largest investor, put $272 million into the company beginning more than a decade ago, a person familiar with the matter said, asking not to be identified because the information is private.