US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

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US IPOs and Secondary Offerings

Netskope IPO (NTSK.US): Very Attractive Valuation For a Company That Grows 30%+ Per Year

Netskope, Inc. (NTSK): Cybersecurity Leader Draws Eyes with Robust Recurring Revenue

Netskope, Inc. (NTSK): Cybersecurity Leader Pops 21% on IPO After Pricing with Strength

Netskope IPO Valuation Analysis: Multiple In Excess of the Security Software Market Is Well Deserved

Netskope, Inc. (NTSK): Peeking at the IPO Propsectus of the Next Cybersecurity Firm

Netskope IPO Preview: A Hot Cybersecurity Play Is On Deck

IPOs and Secondary Offerings

Equity Capital Markets

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<li>Netskope will offer 47.8 million shares at $15-$17 equating to a market cap of $5.7b-$6.5b.</li>
<li>Their revenue was $251.3 million and $328.5 million and their net loss was $206.7 million and $169.5 million in the first half of fiscal 2024 and 2025, respectively. </li>
<li>The company's financials are strong with 31% revenue growth in the 1H 2025 and is cash-flow positive in a sector that IPO investors typically embrace -- cybersecurity. </li>
</ul>


Netskope will offer 47.8 million shares at $15-$17 equating to a market cap of $5.7b-$6.5b.
Their revenue was $251.3 million and $328.5 million and their net loss was $206.7 million and $169.5 million in the first half of fiscal 2024 and 2025, respectively. 
The company's financials are strong with 31% revenue growth in the 1H 2025 and is cash-flow positive in a sector that IPO investors typically embrace -- cybersecurity. 


Netskope, Inc. (NTSK): Cybersecurity Firm Sets Terms for IPO Seeking $800m Raise; $6.5b Valuation