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Startup News: 2 companies could soon make their highly anticipated public debuts

By Chris Cannon
Private Company NewsUpcoming IPOs

The week of Labor Day and the unofficial end of summer may not be all bad. Investors returning from the last vestiges of the season’s enjoyment may have a reason to be optimistic as September ushers in. Two private companies listed on Forge Global have shown signs that their highly anticipated public debuts could happen this month.

Netskope files to list on the Nasdaq

Network security solutions company Netskope indicated in an initial public offering filed on August 22 its intent to go public on the Nasdaq under ticker symbol “NTSK.”1

Founded in 2012, the Santa Clara, California-based private company allows enterprises visibility into their application activity, and by doing so helps these firms identify security threats, reduce risk, and improve technology performance.2 Earlier this year, Netskope made Forge’s list of likely companies to file for an IPO in 2025.3

While the company has yet to claim profitability, the firm did report in its filing a 30.7% increase in revenue for the first half of the year, with losses narrowing in the same period.4

The news of the filing follows Netskope’s announcement of new AI-enabled capabilities across its flagship Netskope One platform. According to the company, the AI-powered assistance optimizes its threat detection software, while also enabling safe adoption of AI applications across an organization.5

Netskope’s Forge Price™ is $14.22 as of August 26, 2025, implying a valuation of $5.22 billion. Its notable investors include ICONIQ, Lightspeed Venture Partners, Sequoia Capital and Accel.

Klarna restarts its IPO plans

It was reported in late August that Sweden-based company Klarna was aiming to make its U.S. public debut sometime in September, according to sources familiar with the matter. The valuation of the public offering could be as much as $14 billion.6

Founded in 2005, Klarna is a fintech company that offers buy-now-pay-later (BNPL) services to consumers and retailers. The firm initially planned to go public in April, but the plan was halted due to the market volatility caused by news of tariffs at the time.7 Like Netskope, Klarna made Forge's list of companies likely to make its public debut this year.

The news of a nearing IPO comes after Klarna announced a 20% increase in year-over-year revenue growth for the second quarter, amounting to a total of $823 million. Klarna also reported its customer count stood at 111 million for the second quarter, a 31% increase year-over-year.8

Klarna’s Forge Price™ is $37.31 as of August 26, 2025, implying a valuation of $14.20 billion and in line with the latest reports of its potential IPO valuation. Notable investors of the private company include Sequoia Capital, General Atlantic, Vista Equity Partners and Arctic Ventures.

Autumn could be an active season

Autumn could very well be an active season for public listings. Netskope and Klarna are just the latest two to signal near-term interest. And they come among recent news that notable firms such as Figure Technologies, BitGo and Boxabl could make their debuts very soon.9

1 U.S. Securities and Exchange Commission, 08/22/2025

2 Netskope, 08/26/2025

3 Forge Global, 01/06/2025

4 Reuters, 08/22/2025

5 PR Newswire, 08/05/2025

6 Reuters, 08/26/2025

7 Forge Global, 08/08/2025

8 Yahoo Finance, 08/14/2025

9 Forge Global, 08/11/2025

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About the Author

Chris Cannon develops lifecycle programs that engage Forge’s existing client base. Prior to joining Forge, he led audience engagement programs and newsletter operations at Investopedia, the global financial and investing media company. Chris received his MBA from East Carolina University and a BA in History from the University of North Carolina at Greensboro. Read more from Chris.

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