( Bloomberg )– SailPoint Inc. and a group of shareholders including its main backer, Thoma Bravo, raised$ 1.38 billion in an enlarged initial public offering for the enterprise security software company, pricing shares at the top of a marketed range.
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According to a statement that confirms a Bloomberg News report, the Austin-based company and the dealers sold 60 million shares on Thursday for$ 23 each. Earlier, 50 million shares were marketed for$ 21 to$ 23 apiece. On Tuesday, SailPoint increased the share price collection from$ 19 to$ 21.
According to the outstanding shares listed in SailPoint’s files with the US Securities and Exchange Commission, the company has a market price of$ 12.8 billion at the Investor price.
According to the filing, AllianceBernstein and Dragoneer Investment Group members agreed to purchase up to 20 % of the Offering shares in total at the sell price. Those stocks aren’t content to a lock-up deal.
SailPoint, which was established in 2005, manages personality protection for businesses using artificial intelligence. It had 2, 645 people in 22 countries as of Oct. 31. Thoma Bravo took SailPoint private in 2022 in a$ 6.9 billion transaction.
According to a previous registration, SailPoint’s deficits have decreased as its revenue has increased. The company had net loss of$ 236 million on revenue of$ 621 million for the nine months ended Oct. 31, versus a net loss of$ 308 million on revenue of$ 497 million a year earlier.
The company cited reports of an increase in Russian attacks in connection with the war in Ukraine as one of the potential hazards to its business that were raised in the processing and warned that it might face a higher risk of state-sponsored attacks in the near future.
Over the past year, the US business for Investments has increased. According to data compiled by Bloomberg, first-time share sales increased by$ 6.5 billion in 2025, with January experiencing its busiest start for these sales since 2022. Additionally, storage and security company Karman Holdings Inc. and some of its owners raised$ 506 million in an IPO priced above the recommended range on Wednesday.
Morgan Stanley and Goldman Sachs Group Inc. are leading SailPoint’s giving. On Thursday, the company’s stock will go on the Nasdaq Global Select Market under the SAIL image.
( Updates with Karman IPO in eighth paragraph. )
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