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Cybersecurity firm SailPoint raises $1.38b in US IPO
SailPoint Technologies priced its IPO at US$23 per share, raising US$1.38 billion for itself and its parent company, Thoma Bravo.
The Austin-based identity security firm and Thoma Bravo sold 60 million shares, valuing SailPoint at US$12.6 billion as it returns to the public market after over two years.
Thoma Bravo first acquired SailPoint in 2014, took it public in 2017, and privatized it again in a US$6.9 billion deal in 2022.
The IPO exceeded initial estimates of 50 million shares priced between US$19 and US$21.
Recent Identity Security developments
| Timeline |
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31-Jan-2025 🔒 Israeli cybersecurity firm Semperis hits $100m in ARR
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29-Jan-2025 🔒 Israeli cybersecurity startup raises $20m series A
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20-Jul-2022 🔐 Meet the identity platform that makes the login process safe and seamless
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18-May-2022 🔒 CyberArk launches $30m fund for cybersecurity startups
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