JWCA advises Netskope on its $401 million pre-IPO convertible issuance

january 2023 | read press release

Transaction Background

JWCA acted as financial advisor to Netskope on the company’s $401mm pre-IPO convertible investment

JWCA provided extensive analytics and support to the Netskope team to aid in the structure of the security:

• Detailed comparison and analysis of pre-IPO financing alternatives

• Transaction structure including benefits and considerations of competing pre-IPO financing alternatives

• Estimated value and potential dilution

• Data on comparable convertible transactions completed in the market

• Accounting treatment

JWCA provided advice, support and analysis throughout the negotiation and execution process

Results

The convertible notes offering was oversubscribed with multiple investors

Netskope plans to extend its technology and platform advantages and market reach through continued innovative worldwide platform development and expansion of strategic go-to-market activities, underscoring its leadership and momentum in what leading analysts estimate to be the $36 billion market opportunity for SASE by 2025