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Cybersecurity firm SailPoint reveals narrower loss in US IPO filing
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Cybersecurity firm SailPoint reveals narrower loss in US IPO filing
Jan 17, 2025 2:13 PM

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.

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