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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SailPoint Return To Public Markets Marks First Major Tech IPO Of 2025
SailPoint stock was trading slightly higher to start the first full day of trading for the cybersecurity company. The post SailPoint Return To Public Markets Marks First Major Tech IPO Of 2025 appeared first on Investor's Business Daily.
Austin cybersecurity co. SailPoint raises $1.38B in IPO
An Austin cybersecurity company has once again gone public. In this story, we report on the company's initial public offering and provide some context around the company's launch on the Nasdaq. The story also includes a list of public companies in the Austin area.
Thoma Bravo-backed SailPoint valued at $12.8 billion in stock market return
Thoma Bravo-backed identity security company SailPoint was valued at $12.8 billion, after its shares opened in line with the offer price in their Nasdaq debut on Thursday.The Austin, Texas-based company's stock opened at $23 per share.SailPoint, along with Thoma Bravo, raised $1.38 billion in an up
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