Cybersecurity IPOs July 2025: What Investors Need to Know
The market for cybersecurity offerings is back in the spotlight as private unicorns race to tap public capital. Below is a research-driven look at the newest deals and the companies still waiting in the wings.
1. Netskope – Preparing for a Q3 2025 Debut
2. SailPoint – Returning to Nasdaq
3. Upcoming Candidates to Watch
Key Takeaways for Investors
Stay tuned to InvestBoss for continuous coverage of the cybersecurity deal pipeline.
The market for cybersecurity offerings is back in the spotlight as private unicorns race to tap public capital. Below is a research-driven look at the newest deals and the companies still waiting in the wings.
1. Netskope – Preparing for a Q3 2025 Debut
- Reuters summary: Reuters reports that Netskope has hired Morgan Stanley to lead an IPO that could raise $500 million at a valuation north of $5 billion, with the filing expected within weeks.
- Quote: "Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering that could raise more than $500 million" – Reuters.
- Key metrics: ARR > $600 million, 3,000+ enterprise customers, gross retention 98%.
2. SailPoint – Returning to Nasdaq
- Reuters summary: Identity‑security specialist SailPoint, taken private by Thoma Bravo in 2022, priced an upsized $1.38 billion IPO at $23 per share and will trade under ticker SAIL this week.
- Quote: "SailPoint will start trading on the Nasdaq on Thursday, returning to the U.S. stock market more than two years after it went private" – Reuters.
- Valuation: ~$7.5 billion; focus on SaaS identity governance.
3. Upcoming Candidates to Watch
- Rubrik – Data‑security unicorn rumored to confidentially file in H2 2025 at a $10 billion valuation.
- Snyk – Developer‑first security platform eyeing a dual U.S.–Israel listing.
- Arctic Wolf – MDR specialist reportedly engaging banks for a late‑2025 float.
- Cato Networks & 1Password – Both have surpassed $100 million ARR and could test the waters if conditions stay favorable.
Key Takeaways for Investors
- Cybersecurity spending is forecast to grow 14% YoY, providing a supportive backdrop for new listings.
- Profitability remains scarce; focus on net retention and gross margin trends when evaluating prospectuses.
- Institutional demand is high for zero‑trust and AI‑driven platforms, giving quality names room to price aggressively.
Stay tuned to InvestBoss for continuous coverage of the cybersecurity deal pipeline.