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NTSK

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Netskope jumped more than 18% in its Nasdaq debut on Thursday, pushing the cybersecurity firm to $8.6 billion in market value.

The stock debuted at $23 under the ticker symbol "NTSK," after Netskope sold shares at $19 on Wednesday at the top end of its recently upped pricing range. The sale raised over $908 million.

CEO and co-founder Sanjay Beri said in an interview with CNBC ahead of the first trade that the offering was more than 20 times oversubscribed. Netskope aims to help companies protect their data while harnessing artificial intelligence tools.

"The world is moving to AI and cloud," he said. "That requires a redefinition of the biggest market in security, data network security. That's what we

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