Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation

(Reuters) -Cybersecurity firm Netskope raised the proposed price range for its U.S. initial public offering and is now aiming for a valuation of up to $7.26 billion, it said on Tuesday.

The Santa Clara, California-based company is now looking to raise as much as $908.2 million by selling 47.8 million shares priced between $17 and $19 apiece. That compares with its prior price target of between $15 and $17 apiece.

Morgan Stanley and J.P. Morgan are the lead underwriters for the offering. Netskope will list on the Nasdaq under the “NTSK” symbol.

(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Anil D’Silva and Shailesh Kuber)