Cybersecurity IPOs: The Latest Wave (June 24, 2025)
Quick Summary
Reuters (May 28) reports Netskope aims to raise over $500 million at a valuation above $15 billion in its upcoming U.S. IPO.
Key Highlights
- Netskope – Confidential filing expected Q3 2025; Morgan Stanley & Goldman Sachs leading. "Cybersecurity firm Netskope has hired Morgan Stanley to lead preparations for a U.S. initial public offering..." – Reuters.
- Armis – Israeli OT‑security specialist said to be targeting a late‑2025 Nasdaq debut, valuing the firm near $8 billion.
- Wiz – Cloud‑security unicorn reportedly hired JPMorgan Chase for a dual‑listing plan in New York and Tel Aviv.
- Snyk – Developer‑first security platform revived its IPO roadmap after reaching $1.7 billion ARR; bankers indicate an early 2026 window if market conditions stabilize.
- Claroty – Pre‑IPO secondary round at $3.5 billion valuation signals intent to file within 12 months.
Market Context
Cybersecurity spending is projected to grow at a 12% CAGR through 2028 as AI‑driven threats multiply. IPO investors are rewarding firms with high net‑retention (>120%) and platform breadth (SASE, CNAPP, XDR).
SEO Takeaways
Bottom Line
The cybersecurity IPO pipeline is heating up again after a two‑year drought. Keep Netskope, Armis, Wiz, Snyk, and Claroty on your watch‑list as valuations reset and public‑market windows reopen.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.