CyberScope is the front-runner to become the first publicly traded pure-play Web3 security company

CyberScope Web3 Security, a Cayman Islands-based provider of Web3 cybersecurity and compliance solutions for digital asset platforms, has revised its upcoming IPO to raise $19 million by offering 3.8 million shares at $4 to $6 each. The company had previously filed to offer 1 million shares at the same price range. At the midpoint of the revised deal size, the offering represents a 275% increase in planned proceeds versus earlier terms and would value the company at about $119 million, a roughly 13% uptick from prior terms.

CyberScope specializes in smart contract audits, AML/KYC screening, penetration testing and blockchain vulnerability assessments. It has completed more than 2,700 smart contract audits and over 500 KYC verifications for more than 3,000 clients across DeFi platforms, token issuers and infrastructure providers in North America, Europe, Asia and other markets, safeguarding over $2 billion in digital assets.

The service suite features four proprietary tools—Cyberscan, Similarityscan, Safescan and Signaturescan—for automated and manual code reviews, similarity analysis, transaction monitoring and signature search, with audit badges accepted by platforms such as CoinMarketCap, PinkSale and Unicrypt. Founded in 2023, CyberScope booked $1 million in sales for the 12 months ended June 30, 2025. It plans to list on Nasdaq under the symbol CYSC, with Maxim Group LLC serving as the sole bookrunner on the deal.

Recently peer company Certik also claimed to go public at $2B Valuation. Cetik has 4500 Clients and Cyberscope 3000 and going public on Nasdaq at $100M Valuation.