Latest Cybersecurity IPO Highlights (2024-2025)
By: InvestBoss Research Team | Updated 1 June 2025
Why it matters: The cybersecurity market is projected to exceed $300 billion by 2027, and new public offerings give investors direct exposure to the sector’s fastest‑growing names.
1 — Netskope: Filing on the Horizon (May 2025)
Summary: Netskope, a Secure Access Service Edge (SASE) leader, has confidentially filed for a U.S. IPO that could value the company at $7–8 billion.
• Lead banks: Morgan Stanley, Goldman Sachs
• Expected timing: Q3 2025
• Key growth driver: Cloud data protection & zero‑trust network access
2 — Rubrik: Post‑IPO Momentum (April 2024)
Summary: Rubrik priced its IPO at $32, raising $752 million and closing its first trading day +15%.
• Ticker: RBRK (NYSE)
• Current market cap: ~$8.1 billion
• Focus: Data backup, ransomware recovery & AI‑driven security
3 — Cato Networks: Lining Up for 2025
Summary: Israel’s Cato Networks, another SASE specialist, is reportedly preparing paperwork for a 2025 Nasdaq debut.
• Last valuation: $3 billion (Series F, 2023)
• Revenue growth: >50% YoY, according to management
• Competitive edge: Single‑vendor cloud‑native security stack
Key Takeaways for Investors
✔ Cloud‑first security vendors continue to dominate the IPO pipeline.
✔ SASE and zero‑trust remain the hottest sub‑segments.
✔ Expect valuation premiums for firms with >40% ARR growth and positive net retention >120%.
SEO Keywords: cybersecurity IPO 2025, Netskope IPO, Rubrik stock, Cato Networks listing, SASE market, zero trust, data protection, invest in cybersecurity, latest IPO news
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence before buying or selling securities.
By: InvestBoss Research Team | Updated 1 June 2025
Why it matters: The cybersecurity market is projected to exceed $300 billion by 2027, and new public offerings give investors direct exposure to the sector’s fastest‑growing names.
1 — Netskope: Filing on the Horizon (May 2025)
Summary: Netskope, a Secure Access Service Edge (SASE) leader, has confidentially filed for a U.S. IPO that could value the company at $7–8 billion.
• Lead banks: Morgan Stanley, Goldman Sachs
• Expected timing: Q3 2025
• Key growth driver: Cloud data protection & zero‑trust network access
(Reuters, 28 May 2025)
2 — Rubrik: Post‑IPO Momentum (April 2024)
Summary: Rubrik priced its IPO at $32, raising $752 million and closing its first trading day +15%.
• Ticker: RBRK (NYSE)
• Current market cap: ~$8.1 billion
• Focus: Data backup, ransomware recovery & AI‑driven security
(Yahoo Finance/Reuters, 24 Apr 2024)
3 — Cato Networks: Lining Up for 2025
Summary: Israel’s Cato Networks, another SASE specialist, is reportedly preparing paperwork for a 2025 Nasdaq debut.
• Last valuation: $3 billion (Series F, 2023)
• Revenue growth: >50% YoY, according to management
• Competitive edge: Single‑vendor cloud‑native security stack
(Techzine, 20 Mar 2024)
Key Takeaways for Investors
✔ Cloud‑first security vendors continue to dominate the IPO pipeline.
✔ SASE and zero‑trust remain the hottest sub‑segments.
✔ Expect valuation premiums for firms with >40% ARR growth and positive net retention >120%.
SEO Keywords: cybersecurity IPO 2025, Netskope IPO, Rubrik stock, Cato Networks listing, SASE market, zero trust, data protection, invest in cybersecurity, latest IPO news
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Always conduct your own due diligence before buying or selling securities.