financetom
Business
financetom
/
Business
/
Cybersecurity firm SailPoint's IPO raises $1.38 billion in US stock market return
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
StanChart sets $1.3 billion buyback as first-half profit outstrips forecasts
StanChart sets $1.3 billion buyback as first-half profit outstrips forecasts
Jul 30, 2025
HONG KONG/LONDON (Reuters) -Standard Chartered ( SCBFF ) reported on Thursday a higher-than-expected 26% jump in first-half pretax profit, as a strong performance in the wealth, markets and global banking businesses boosted revenue at the lender. Emerging markets-focused StanChart also announced a further $1.3 billion share buyback that it said would start imminently. The London-headquartered lender said the reported pretax...
Reaction to South Korea's trade deal with Trump
Reaction to South Korea's trade deal with Trump
Jul 30, 2025
SEOUL (Reuters) -South Korea and the United States said they reached a deal that would set U.S. tariffs on most South Korean goods at 15% in return for $350 billion in investment in the U.S. Officials, analysts, and companies in Seoul said the deal removed uncertainty. Here are some key quotes. KATHLEEN OH, CHIEF KOREA ECONOMIST AT MORGAN STANLEY Our...
Italy's Prysmian raises full-year outlook on Channell acquisition
Italy's Prysmian raises full-year outlook on Channell acquisition
Jul 30, 2025
July 31 (Reuters) - Italy's Prysmian on Thursday increased its forecasts for full-year core profit and cash generation following its acquisition of U.S. connectivity device manufacturer Channell, as the cable maker beat consensus with its first-half results. Milan-based Prysmian said it now expects full-year adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) at 2.3 billion-2.38 billion euros, versus a...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved