Jan 17 (Reuters) -
Thoma Bravo-owned cybersecurity company SailPoint on Friday
revealed a narrower nine-month loss in its paperwork for a U.S.
initial public offering.
The private equity firm bought SailPoint for $6.12
billion in 2022, taking it off public markets roughly five years
after the company listed in the U.S.
Upbeat equity markets, falling interest rates and hopes of a
friendlier market environment for deals under the incoming Trump
administration have rejuvenated the U.S. IPO market.
The Austin, Texas-based firm reported a loss from operations
of $158.5 million for the nine months ended Oct. 31, 2024,
compared with a loss of $267.5 million in the year-ago period.
SailPoint will list its shares on the Nasdaq Global market
under the ticker symbol "SAIL".
Morgan Stanley and Goldman Sachs are underwriters to the
IPO.