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