Tech
Cybersecurity firm Netskope fetches $8.8 billion valuation as shares jump in Nasdaq debut
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Cybersecurity firm Netskope commanded an $8.79 billion valuation as its shares jumped 21% in their Nasdaq debut on Thursday, adding to a string of successful tech IPOs this year.
The U.S. IPO market is enjoying its strongest momentum in years, with investors showing robust appetite for new listings.
Several tech listings, including design software maker Figma and stablecoin issuer Circle, have delivered blowout debuts, signaling pent-up investor appetite for new listings.
Netskope, founded in 2012, develops cloud security software that protects cloud…
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