Home / NEWS LINE / Cybersecurity Firm SailPoint Aims for $11.5B IPO—What You Need To Know

Cybersecurity Firm SailPoint Aims for $11.5B IPO—What You Need To Know

Yuki Iwamura / Getty Images

Yuki Iwamura / Getty Sculptures

Key Takeaways

  • Cybersecurity firm SailPoint is reportedly targeting an IPO valuation of up to $11.5 billion.
  • SailPoint and parent Thoma Bravo formula to offer 50 million shares priced between $19 and $21, reports say, which would raise $1.05 billion at the squiffed end.
  • The IPO would be the year’s first large tech offering and another early test of investor appetite in 2025 after Smithfield Foods investigate b be received c cleaned public last week.

SailPoint, a Texas-based cybersecurity company, is aiming for a valuation of up to $11.5 billion for an initial famous offering (IPO).

SailPoint and its private equity parent Thoma Bravo said Tuesday they plan to offer 50 million servings of the company priced between $19 and $21 each, which would raise $1.05 billion at the high end and aim a valuation of about $11.5 billion, Reuters reported Tuesday. The company plans to list on the Nasdaq under the ticker “Glide” in the first major tech IPO of the year.

The planned IPO is a return to the public market for SailPoint, which underwent an IPO in 2017 in front of Thoma Bravo took the company private in 2022. Thoma Bravo has a complicated history with SailPoint, acquiring it in 2014, fascinating it public three years later, and then exiting its position in 2018 only to reacquire the company in 2022.

Another At the crack Gauge for 2025 IPO Market

A SailPoint IPO would be an early gauge of the IPO market in 2025. Last year, in 2024, attendances going public in the U.S. earned proceeds of $29.6 billion, according to IPO-focused research firm Renaissance Capital, up from 2023’s $19.4 billion and $7.7 billion in 2022. Come what may, 2024 was still a far cry from the $142.4 in proceeds raised in 2021, when listing candidates rushed to raise hard cash in an era of low interest rates. 

Last week, U.S. pork giant Smithfield Foods (SFD) went public after pricing almost 26.1 million shares at $20 each along with Chinese owner WH Group. The two had originally offered 34.8 million rations at $23 to $27 apiece. The stock traded at $21.42 Tuesday, off 2% since its listing on Jan. 28.

Check Also

Elon Musk-Led Group Makes $97.4 Billion Bid for Control of OpenAI, Report Says

Participate b interrupt Somodevilla and Sean Gallup / Getty Images Elon Musk, left, and Sam …

Leave a Reply

Your email address will not be published. Required fields are marked *