Sailpoint, a cyber security company specializing in identity and access management, is preparing to return to a public market with an IPO that can evaluate the company for $ 11.5 billion. This movement will happen almost three years after Thoma BRAVO made the company private with a full -speed acquisition of $ 6.9 billion.
Since investors are looking for opportunities to cash out and redistribute capital, it is expected that companies supported by private shares will take the initiative in the IPO market. MORGAN STANLEY and GOLDMAN SACHS will be trading with Nasdaq under the Ticker’s “Sail”, so it is over the provision.
Sailpoint and his parent company, Thoma Bravo, offer 50 million shares of $ 19 to $ 21, respectively, aiming for $ 150 million. Austin -based companies have earned 47.5 million shares, but Thoma Bravo offers 2.5 million.
As part of the IPO, Reuters reported: “SailPoint and Parent Thoma Bravo, each of which offers a total of $ 19 to $ 21 to $ 50 million, has a total of $ 1,050 million. Sailpoint, headquartered in Austin, Texas, 4750. It offers a share and THOMA BRAVO sells 2.5 million shares.
This IPO is carefully viewed, especially considering the mixed results of other recent lists. It may be useful as a signal for high -tech companies that are trying to open.
Investors often see
The IPO landscape shows signs of recovery, but investors are still cautious about evaluation and long -term growth.
Sailpoint, established by Kevin Cunningham and Mark McClain in 2005, can help companies manage user access and reduce security risks. The software can control those who can access confidential data and limit the risk of illegal violation. The company competes with heavyweights such as IBM, Microsoft, Oracle, Cyber ARK, and one identity.
Customer bases include major track makers, student loan servicers Nernet, and UK supermarket chain ASDA.
Return to the spotlight
Thoma Bravo, which manages about $ 166 billion assets, has a long history in Sailpoint. The company first acquired the company in 2014, released three years later, marking his first portfolio IPO. By the end of 2018, Thoma Bravo has completely finished its shares.
Sailpoint was traded on the New York Stock Exchange from 2017 to 2022, and Thoma Bravo again purchased it for $ 6.9 billion.
Currently, SailPoint is preparing to re -enter the stock market with great support from investors. Alliance Bernstein and Dragoneer Investment Group are interested in purchasing up to 20 % of IPO shares.
This listing may not only test investors’ needs, but also affect how other private equity supports the recruitment in the next few months.
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