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Cybersecurity firm SailPoint's IPO raises $1.38 billion in US stock market return
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Cybersecurity firm SailPoint's IPO raises $1.38 billion in US stock market return
Feb 12, 2025 9:40 PM

Feb 13 (Reuters) - 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.

The Austin, Texas-based company and its parent Thoma Bravo

sold 60 million shares at $23 apiece, giving SailPoint a

valuation of $12.6 billion ahead of its U.S. stock market

listing more than two years after it went private.

SailPoint and Thoma Bravo had initially planned on selling

50 million shares priced between $19 and $21.

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