Cybersecurity firm SailPoint's IPO priced at the top end of the range
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.
Cybersecurity firm SailPoint raises $1.38 billion in US IPO
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 boosts proposed price range for US IPO
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.
Cybersecurity Firm SailPoint Aims for $11.5B IPO—What You Need To Know
SailPoint, a Texas-based cybersecurity company, is aiming for a valuation of up to $11.5 billion for an initial public offering (IPO).
SailPoint Begins IPO Plan On High Operating Losses
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.
