Netskope, which also offers cloud security, is another company being closely watched for an IPO, said Brianne Lynch, head of market insight at EquityZen. Netskope told The Wall Street Journal last year that it was planning an IPO in 2025. The company may start to feel pressure from early investors hunting for liquidity 13 years after its founding, Lynch said.
Snyk, a cybersecurity startup founded about a decade ago, has also alluded to a public offering next year. The company was last valued at $7.4 billion and CEO Peter McKay said in a post last year that Snyk had crossed $300 million in annual recurring revenue.
The big question is whether now is the rip-the-bandage-off moment for companies that decide to go public or whether market volatility will cause companies to once again kick the can down the road, Lynch said.