Cybersecurity IPOs Watchlist – Late July 2025 Update
Key Takeaways
[ul]
[li]Investor Appetite Remains Healthy: Rubrik’s successful debut shows demand for profitable, high‑growth cyber names.[/li]
[li]AI & Zero‑Trust Themes Dominate: Nearly every upcoming filer highlights AI‑driven detection and Zero‑Trust architectures.[/li]
[li]Watch the Fed & Volatility: Rate expectations and macro swings could shift the IPO window into Q4.[/li]
[/ul]
SEO Keywords
cybersecurity IPO 2025, upcoming cybersecurity IPOs, Rubrik IPO, Netskope IPO, Snyk IPO, Claroty IPO, Abnormal Security IPO, Arctic Wolf IPO
- Rubrik (RBRK) – IPO priced 25 April 2025 at $32; shares opened 21% above range, valuing the Microsoft‑backed data‑security vendor at $5.6 bn (Source: Reuters, 25 April 2025). The stock now trades around $38 after strong ARR growth of 47 % YoY.
- Netskope – The SASE specialist confidentially filed for an IPO in June 2025, targeting a valuation near $15 bn according to Bloomberg. Netskope’s Zero‑Trust platform positions it as a direct rival to Zscaler and Palo Alto’s Prisma Access.
- Snyk – Developer‑first security unicorn re‑started its listing process this month with Goldman Sachs as lead underwriter. Snyk’s FY‑2024 revenue surpassed $200 m, and the company is seeking a $9‑10 bn valuation.
- Claroty – OT & IoT security vendor hired Morgan Stanley to explore a 2025 debut. Claroty’s funding round in March valued it at $7 bn; the firm protects industrial giants such as Schneider Electric.
- Abnormal Security – AI‑powered e‑mail security player is rumored to file later this quarter after surpassing $150 m ARR and 1,600 customers.
- Arctic Wolf – MDR provider updated its S‑1 draft in early July, signalling readiness for a fall IPO window. The company’s subscription revenue grew 46 % YoY to $720 m.
Key Takeaways
[ul]
[li]Investor Appetite Remains Healthy: Rubrik’s successful debut shows demand for profitable, high‑growth cyber names.[/li]
[li]AI & Zero‑Trust Themes Dominate: Nearly every upcoming filer highlights AI‑driven detection and Zero‑Trust architectures.[/li]
[li]Watch the Fed & Volatility: Rate expectations and macro swings could shift the IPO window into Q4.[/li]
[/ul]
SEO Keywords
cybersecurity IPO 2025, upcoming cybersecurity IPOs, Rubrik IPO, Netskope IPO, Snyk IPO, Claroty IPO, Abnormal Security IPO, Arctic Wolf IPO
Stay tuned – I’ll update this thread as new S‑1 filings emerge.