Latest Cybersecurity IPOs – July 2025 Update
Cybersecurity remains one of the fastest‑growing segments of the tech market, and Wall Street is watching every new entrant closely. Below is a concise roundup of the newest cybersecurity IPOs and filings as of July 2025.
Rubrik (NYSE: RBRK) – Priced IPO, April 2024 but still relevant due to lock‑ups expiring.
Rubrik raised $752 million at a $5.6 billion valuation and continues to gain share in data‑protection. The company’s annual recurring revenue (ARR) grew 46 % YoY in FY2025, signaling strong post‑IPO momentum.
Cato Networks – Files confidentially for NYSE listing (Expected 2H 2025)
The secure‑access‑service‑edge (SASE) pioneer is targeting a valuation above $3 billion, according to Reuters sources. Its platform unifies SD‑WAN, zero‑trust, and cloud firewall, giving it a differentiated edge in the network‑security stack.
Other Candidates To Watch
• Snyk
• Wiz
• Arctic Wolf
• Netskope
Each has reportedly held talks with bankers in 2025; investors should monitor SEC filings.
Market Context
• Cybersecurity spending is forecast to grow 14 % YoY in 2025 (Gartner).
• Recent IPOs (CrowdStrike, Zscaler) now trade at 12‑18× forward sales, setting valuation benchmarks.
Investment Takeaways
• Demand for cloud‑native security continues to outpace broader IT budgets.
• Focus on companies with recurring revenue >90 % and net retention >120 %.
• Expect pricing discipline as the IPO window re‑opens after 2024’s drought.
SEO Keywords: cybersecurity IPO 2025, Rubrik IPO price, Cato Networks IPO, new cybersecurity listings, invest in cybersecurity stocks.
Cybersecurity remains one of the fastest‑growing segments of the tech market, and Wall Street is watching every new entrant closely. Below is a concise roundup of the newest cybersecurity IPOs and filings as of July 2025.
Rubrik (NYSE: RBRK) – Priced IPO, April 2024 but still relevant due to lock‑ups expiring.
– Reuters
Rubrik raised $752 million at a $5.6 billion valuation and continues to gain share in data‑protection. The company’s annual recurring revenue (ARR) grew 46 % YoY in FY2025, signaling strong post‑IPO momentum.
Cato Networks – Files confidentially for NYSE listing (Expected 2H 2025)
– Reuters
The secure‑access‑service‑edge (SASE) pioneer is targeting a valuation above $3 billion, according to Reuters sources. Its platform unifies SD‑WAN, zero‑trust, and cloud firewall, giving it a differentiated edge in the network‑security stack.
Other Candidates To Watch
• Snyk
• Wiz
• Arctic Wolf
• Netskope
Each has reportedly held talks with bankers in 2025; investors should monitor SEC filings.
Market Context
• Cybersecurity spending is forecast to grow 14 % YoY in 2025 (Gartner).
• Recent IPOs (CrowdStrike, Zscaler) now trade at 12‑18× forward sales, setting valuation benchmarks.
Investment Takeaways
• Demand for cloud‑native security continues to outpace broader IT budgets.
• Focus on companies with recurring revenue >90 % and net retention >120 %.
• Expect pricing discipline as the IPO window re‑opens after 2024’s drought.
SEO Keywords: cybersecurity IPO 2025, Rubrik IPO price, Cato Networks IPO, new cybersecurity listings, invest in cybersecurity stocks.