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Austin cybersecurity co. SailPoint raises $1.38B in IPO

  • SailPoint raised over $1.3 billion from its IPO by pricing 60 million shares at $23, which was above the previously announced range of $19 and $21.
  • The first day of trading ended below the initial price of $23, but the stock closed at over $24 on the second day.
  • CEO Mark McClain stated, 'In no way did we consider this a disappointing IPO. In our minds, it’s a very successful IPO.'
  • SailPoint plans to use its $1.3 billion raised for operations and debt repayment as stated in a regulatory filing.
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Financial Times broke the news in London, United Kingdom on Thursday, February 13, 2025.
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