Hey folks, Got an offer from Netskope. Is Netskope going to be IPO soon ? How’s the culture ? TC: 170k
Details? and TC?
170k
That sounds low
Offer details??
Most likely IPO in 2 years. So it depends on how much stock they are offering you.
What is the current expected stock price? HR told its value 45 to 50$
😂😂😂 I'm sorry .... I mean I would be unreasonably happy if that happens since I have a lot of it and it would make me a couple of millions. But in a sensible world I would expect around half that value and be happy if it holds through that lock in period.
For 409a you'd have to check with HR. Secondary market is around $25-$30 right now. At IPO, I expect probably $35-$55 based on comparables that are publicly traded and current outstanding share count (which you should be able to get from your recruiter). If I were in your shoes, I would be very comfortable using $40-45 for IPO price. The stock may take a slight dip post lockup, but revenue is higher than most outside the company realize so probably will come back up pretty quickly. Good chance we may hit $50 but I don't like to be too optimistic in my TC projections so wouldn't count on it. Just depends how the company does over the next year.
What about the options? And level?
overall it's a great company. would need to know which role and org you'll be in to give more insight.
How is the Engineering Productivity org ? They handle CI/CD/tooling
Ha hs
Most likely IPO end of 2022 or beginning of 2023 based on macro conditions
There won't be any further funding round or delay? I guess there must be a lot of pressure from investors to go public before Dec 2022
Yep CEO said most likely this is the last round before ipo. Also we had H round, with next letter I for IPO. But let's see.
I think you can take base case as 40$ which gives around 15B valuation, considering Sentinel one is above that as well and if Zscaler is valued at 50B that gives Netskope around 16-17B at 1/3 value with revenue being half of it.
what's the options?
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Any details ?
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