SailPoint stock was trading slightly higher to start the first full day of trading for the cybersecurity company. The post SailPoint Return To Public Markets Marks First Major Tech IPO Of 2025 appeared first on Investor's Business Daily.
SailPoint, founded in 2005, specializes in managing and securing enterprise identity access to critical applications and data. The company, which pioneered SaaS models, went public in 2017 and was acquired by Thoma Bravo in 2022. Thoma Bravo is now bringing the business public again, in an attempt to recycle its money in a relatively short period of time.
Cybersecurity company SailPoint Technologies (SAIL) is set to begin trading on the Nasdaq (^IXIC) on Thursday after pricing its IPO (Initial Public Offering) at $23 per share, raising $1.38 billion. SailPoint, acquired by Thoma Bravo in 2014 and previously listed on the New York Stock Exchange, now shifts focus toward tech with artificial intelligence-driven services.
Thoma Bravo-backed identity security company SailPoint was valued at $12.8 billion, after its shares opened in line with the offer price in their Nasdaq debut on Thursday.
SailPoint CEO Mark McClain joins CNBC's 'Squawk on the Street' to discuss the company's IPO, cybersecurity offerings, and more.
SailPoint, the Texas-based identity security firm, has raised $1.38 billion in its New York initial public offering, pricing shares at $23 each, the top of its expected range. The company and private equity owner Thoma Bravo sold 60 million shares, valuing SailPoint at $12.6 billion ahead of its return to public markets.
SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder.
SailPoint said on Tuesday it is now aiming to raise as much as $1.15 billion in its U.S. initial public offering by selling shares priced between $21 and $23.
SailPoint, a Texas-based cybersecurity company, is aiming for a valuation of up to $11.5 billion for an initial public offering (IPO).
SailPoint has filed to raise $100 million in an IPO, although the final figure may be as high as $1 billion. The company aims to use the proceeds to repay debt and fund general corporate purposes, including potential acquisitions. Despite reduced operating losses and lower cash used in operations, SailPoint's Rule of 40 performance is poor, indicating high operating losses offset revenue growth.