Hey all! What’s the latest with the Netskope IPO? Considering applying to a role but wondering what’s up with the IPO as I see lots of people selling their equity options on the pre IPO market, many times below the valuation price. #netskope #sales
The IPO market is frozen during a bear market/recession. A lot of private companies are getting re-rated to reflect a valuation similar to their publicly traded counterparts. The VC landscape is all but frozen right now too.
And remember series H and dilution. Fear of a down round on the horizon is very real for netskope.
Who told you they are going to have a down round ?
Your boss told him.
When will the new 409 A come out ? It's already been 1 year since the previous find raise, so it's due now right?
What is the current market price at which Netskope is selling ?
At current valuation it should be 26$ per share. But employees are dumping it on equityZen at 16-18$ which is usually not a great sign. Either things are going south or employees lost patience waiting for an IPO