SailPoint Raises $1.38 Billion in Upsized US IPO

SailPoint’s Second IPO Surpasses Expectations with Strong Market Demand

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SailPoint Raises $1.38 Billion in Upsized US IPO

SailPoint Technologies, a US-based cybersecurity firm, has raised $1.38 billion in its latest Initial Public Offering (IPO), surpassing initial estimates. The IPO, priced at $23 per share, exceeded expectations of 50 million shares at $19–$21 each. This marks the company's second IPO, following its 2017 NYSE debut before being acquired by Thoma Bravo in 2022 for $6.9 billion. Now trading under the Nasdaq ticker 'SAIL,' SailPoint offered 60 million shares, with proceeds primarily allocated to debt repayment. Headquartered in Austin, Texas, SailPoint specializes in AI-driven identity security solutions for enterprises.