SAIL Stock Recent News

Cybersecurity company SailPoint Technologies (SAIL) is set to begin trading on the Nasdaq (^IXIC) on Thursday after pricing its IPO (Initial Public Offering) at $23 per share, raising $1.38 billion. SailPoint, acquired by Thoma Bravo in 2014 and previously listed on the New York Stock Exchange, now shifts focus toward tech with artificial intelligence-driven services.

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.

SailPoint CEO Mark McClain joins CNBC's 'Squawk on the Street' to discuss the company's IPO, cybersecurity offerings, and more.

SailPoint, the Texas-based identity security firm, has raised $1.38 billion in its New York initial public offering, pricing shares at $23 each, the top of its expected range. The company and private equity owner Thoma Bravo sold 60 million shares, valuing SailPoint at $12.6 billion ahead of its return to public markets.

SailPoint priced its New York initial public offering at the top-end of its marketed range of $21-$23 on Thursday, raising $1.38 billion for the identity security firm and the selling stockholder.

AUSTIN, Texas--(BUSINESS WIRE)--SailPoint, Inc. (“SailPoint”), a leader in unified identity security for enterprises, today announced the pricing of its upsized initial public offering of 60,000,000 shares of its common stock at a public offering price of $23.00 per share. The offering consists of 57,500,000 shares of common stock to be issued and sold by SailPoint and 2,500,000 shares of common stock to be sold by certain existing stockholders. In addition, SailPoint has granted the underwrite.

SailPoint said on Tuesday it is now aiming to raise as much as $1.15 billion in its U.S. initial public offering by selling shares priced between $21 and $23.

Two sizable companies and a handful of small Asian issuers were listed in the US this past week. Four small Asia-based issuers also went public in the US - EPWK Holdings, FBS Global, Plutus Financial Group, and Huachen AI Parking Management Technology. Eight IPOs are currently scheduled to list in the week ahead, although some small issuers may also join the calendar throughout the week.

LOS ANGELES--(BUSINESS WIRE)--Saviynt, a leading provider of cloud-native identity governance solutions, today announced the appointment of Sunil Kedaraji as Vice President of Partner Sales for APJ (Asia-Pacific and Japan). This strategic hire reflects Saviynt's commitment to strengthening its presence in the high-growth APJ region. With seasoned leadership, the company aims to scale operations, deepen partnerships, and accelerate growth, solidifying its position as a leader in identity securit.

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