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Zscaler IPO: 5 things to know about the first big tech IPO of 2018

The first Silicon Valley tech unicorn to go public in 2018 is watching what you do at work.

Zscaler Inc. ZS, +106.25% sells cloud security software that lets IT departments monitor all the traffic on your corporate network while protecting it and (hopefully) the workers. Zscaler’s pitch focuses on it being a cloud native, while established rivals have had to adapt to “networks” becoming distributed global data centers supporting employees who log on from a variety of devices to a multitude of apps.

Zscaler shares surged in their trading debut Friday, after the company priced its IPO late Thursday at $16, above an already elevated range.

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